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DiegoRV

EURUSD - Two technical possibilities to follow

Euro / U.S. Dollar (FX:EURUSD)  
DiegoRV Updated   
FX:EURUSD   Euro / U.S. Dollar
Support and Resistance Head and Shoulders EURUSD projection EUR DJ FXCM Index
5
1
supportandresistance headandshoulders eurusd projection eur usdollar
Two technical possibilities:

1. H&S in progress
2. At 1.1853 (long-term support and resistance) we have top and base of the rectangular projection. Besides there is a medium-term key level at 1.2100 close to the top of the 2nd rectangle.
Comment:
Price retesting 1.1853. Important level to follow.
Comment:
H&S cancelled. Pullback from 1.1853 to top of the rectangle. Almost hit 1.2099.. level to watch.
Comment:
1.1853 tested again... and in no man's land. Wait.
Comment:
Top rectangle broken. Next target expected: 1.1745
Comment:
1.1745 reached.
If downtrend continues next key level 1.1635. Confirmation below 1.1745 needed.
Trade closed: target reached:
1.1635 reached
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