EURUSD medium term

FX:EURUSD   Euro / U.S. Dollar
We saw price stall around the 1.15600 level which then formed a double bottom and a breakout, which indicated a medium term trend shift. Considering price has been bearish making lower lows and lower highs for 40 days, price finally found support at the level indicated forming a neckline for a possible H&S formation on daily time frame.

For reference check DXY also, which is forming an inverse head and shoulders .


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