EU H&S Daily
Updated
Possible head and shoulders formation on Eurusd Daily chart after buyers failed to hold the 200ema Daily(Also currently under the 200ema 1H). Risk currencies have had major gains this week with Euro trading mixed not yet breaking the left shoulder despite money flowing out of DX. We can expect some pullbacks against DX going into next week with German retail sales, U.S. Chicago pmi & Pending home sales to start next weeks volatility. $1.1030 ext $1.10 are primary targets for selling
Trade closed manually
Note
Closed with 40 pip loss @ $1.1140
Disclaimer
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.