Mihai_Iacob

EurUsd- the H&S will not pay off IMO

Short
FX:EURUSD   Euro / U.S. Dollar
First of all, this is not an H&S from my point of view. Reliable h&ses happened after long periods of trends, is nor the case now
Yesterday we have what it seems like a false break of the neckline and eurusd remains in a strong sell zone
IMO the rise from 1.1950 is just a complex correction and a drop under 1.2130 would expose 1.1950 at least
That being said, I will sell rallies around 1.22 with a stop above yesterday's high

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