UK's official exit on Friday made both the pound sterling and the euro strengthen against the dollar. The eurusd price moved to the neckline of what was H&S pattern on H4. That could slightly push the price downwards creating the handle of the newly sketched cup and handle pattern. And then up again.
Comment:
If the cup and handle pattern is validated then the bull rally could continue and cover half of the size of the cup.
Comment:
Your thumbs up and comments are much wanted and I am grateful to receive them.
Trade active:
The price exited the lower limit of the channel and has respectfully made a strong bear rally.
Trade active:
The price could move lower than January's low.
Trade active:
But it could at the same time return in the 1.1020 - 1.1040
Trade closed: stop reached:
For a better choice on this pair see this chart:
