It's possible a Bullish Shark is forming on the EURUSD hourly chart. I somehow doubt the ABC will play out exactly as shown, but if the dollar regains some of it's strength it still may hit all of the targets.
Trade active
Note
Current price action is suggesting a bounce soon near the trendline so it may still try for new highs. If the bat pattern in blue is invalidate it will likely form the deep crab in yellow instead. Note
We're at a possible inflection point here but it could end up going either way, the dollar is weak but the Euro also doesn't look like it has much fuel to go up very far. Trade closed: target reached
Time to retrace soon
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.