thedailychartist

EURUSD trying to move back into trading range

FX:EURUSD   Euro / U.S. Dollar
A daily close above the H&S neckline means we could be back into consolidation or we may see the market attempt a higher high to continue bull trend (see daily chart ).

Now also less likely to see the bears carry out a measured move lower (from that H&S pattern).
Comment: I do wish to point out that the LTF (e.g. hourlies) are showing a bearish pattern which I think is significant to any forecasts. Neutral for now until we see a good break to either side.

I am still dollar bull biased so would prefer to short this.

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