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BlueberryMarkets
Nov 26, 2018 10:37 AM

EURUSD INVERSE HEAD AND SHOULDERS PATTERN Long

Euro Fx/U.S. DollarFXCM

Description

Looking at the EURUSD this week we can see the market is holding at the key support area of 1.1300. With the potential for USD downside, we could see this market head back towards the resistance of 1.1750. If we see the market form bullish price action here we can look for the long trade. If you are slightly more adhere to risk, look for the neckline break on the head and shoulders to confirm the move before looking for the long opportunity.
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