EU will target 1.0975 with AB=CD
formation on daily chart
. At the same time we can see a Reverse Sholder-Head-Shoulder formation and it break the neck line of this formation on 1.0830. If this formation will work its target will be 1.1315. But now is too early to decide to trade SHS
formation. At first we have to see any breakout of blue trendline
, after this break we complate the AB=CD
and after all of them if we break 1.0975 level we can say we are going to 1.13 levels... Good Luck!