TipTVFinance

EUR/USD – H&S complete, keep an eye on daily close

FX:EURUSD   Euro / U.S. Dollar
EUR/USD             has completed the head and shoulder pattern on the daily chart after US CPI             and core CPI             printed higher than estimates.

By no means have the upbeat data brought September rate hike back on the table. No one in the market expects Fed to move rates next week.

Nevertheless, dollar spiked. Two things have happened. Firstly, EUR/USD             has suffered a bearish break from the 100-pip range of 1.12-1.13 and secondly, the pair is now flirting with the H&S neckline.

If the day end close is below neckline, then prices could revisit 1.1160 levels next week.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out