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InvestingScope

EURUSD: Replicating the Q2 pattern. Optimal sell opportunity.

Short
Euro / U.S. Dollar (FX:EURUSD)  
InvestingScope  
FX:EURUSD   Euro / U.S. Dollar
Trend Analysis Chart Patterns Technical Indicators EURUSD EUR USD Forex euro DJ FXCM Index dollar Currencies currency
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trendanalysis chartpattern indicator eurusd eur usd forex euro usdollar dollar currencies currency
The price action is identical to the 2nd quarter's sequence with the Lower Highs on the bearish H&S pattern leading to an eventual yearly low at 1.11100. We are expecting a similar development as the price is currently trading on the 5th leg, which is the final rejection point. Our TP is 1.11100, but shorter term traders can only look for thr 4H 1.11800 Support.






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