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Euro / U.S. Dollar
Long
Updated

EURUSD Target 1.2245 Falling Wedge Potential Inverse H&S

213
EURUSD
After reaching high of 1.2349 EUR early January it appears the Euro/Dollar pair has completed it's ABC correction.
I've identified a falling wedge which has been broken to the upside, with retest apparently successful.
Now I see an Inverse H&S pattern with the NeckLine indicated with the purple dotted line.
Both pattern targets show a Target Price of roughly 1.2245 $Euro. This is also the proposed 1.618% of the new(local) uptrend.
Look for Neckline Retest! DYOD!👉👀👈
Trade active
Neckline in play....🧐
Caution!
Note
Fail.
TheFreeCryptoPress
Also on:
Chart PatternsEUREURUSDFalling WedgeForexInverse Head and ShouldersTrend AnalysisUSDWave Analysis

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.
Chart PatternsEUREURUSDFalling WedgeForexInverse Head and ShouldersTrend AnalysisUSDWave Analysis
TheFreeCryptoPress
Also on:

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.