Description
⋅ EURUSD has broken a multi-month down trend, with signs of bullish strength since mid Apr 2015.
There is a bearish setup due to
- 1.1442 being a multi-week resistance
- a inverted hammer respecting 1.1442
- possibly bearish wedge formation
A short setup is shown to be triggered once price broken below 1.1347 and target at 1.0865, leading to a 1:4 risk-reward.