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nicker

DXY and EURUSD 4 Hr correlated inverse H&S's on necklines

Short
U.S. Dollar Index (TVC:DXY)  
nicker Updated   
TVC:DXY   U.S. Dollar Index
Chart Patterns
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0
chartpattern
EURUSD is offering a H&S Short either from here 1.214, or from possibly 1.23, with typical target being same distance down from neckline as distance down from top of head to neckline ~1.175. The best entry is top of right shoulder, next best is break below neckline.
Comment:
DXY could see teeny H&S Jan 11 (LS), 18(H), 27 (RS), for target as low as Jan. low, but the 91.2 above is a strong target. Time cycle isn't much help in deciding first target. H4 13 CCI at the moment suggests sideways until ~~Feb 19, but we could see a real move prior.
Fortunately, breakouts will be clear. Hopefully you have all caught the first moves toward target off the little H&S's (see the TV chart after this one), which may have one more wave (down for EURUSD) before consolidation for a bigger break (down to ~89.7ish for EURUSD), (up to 92+ish for DXY)
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