FX:EURUSD   Euro / U.S. Dollar
Possible cup and handle pattern formation forming on the daily. I’m currently short on the pair looking to TP at 1.13 zone. Possible long side move to weekly resistance level 1.17 if price can break and close above “handle.” On weekly chart 14 and 50 EMAs looking to cross in imminent future. Last time they crossed was almost two years ago, 9 JUL 18 with an 1185 Pip short. Definitely a pair to keep on your watchlist. We will wait to see how price reacts to 1.13 level on D and 4H. For now bias is bearish. What do you guys think?
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