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RCtrader2

Are we seeing an end to the bullish trajectory on the eurusd?

Short
Euro / U.S. Dollar (FX:EURUSD)  
RCtrader2 Updated   
FX:EURUSD   Euro / U.S. Dollar
Support and Resistance Trend Lines Chart Patterns EURUSD eurusdshort signal short forecast profit money
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supportandresistance trendline chartpattern eurusd eurusdshort signal short forecast profit money
The eurusd pair has developed bearish divergence on both the weekly and the daily chart and my assumption is that it could create an H&S on the daily chart, now that what appears to be the left shoulder and head can be noticed. Additional confirmation will occur once the PA crosses the dashed trendline.
Trade active:
It's best to wait for the dashed line to be crossed before entering a trade. The ECB interest rate release did cause a stir.
Trade closed: target reached:
TP2 hit on the 15th of March. :)

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