RCtrader2

3-7 February 2020

FX:EURUSD   Euro / U.S. Dollar
UK's official exit on Friday made both the pound sterling and the euro strengthen against the dollar. The eurusd price moved to the neckline of what was H&S pattern on H4. That could slightly push the price downwards creating the handle of the newly sketched cup and handle pattern. And then up again.
Comment: If the cup and handle pattern is validated then the bull rally could continue and cover half of the size of the cup.
Comment: Your thumbs up and comments are much wanted and I am grateful to receive them.
Trade active: The price exited the lower limit of the channel and has respectfully made a strong bear rally.
Trade active: The price could move lower than January's low.
Trade active: But it could at the same time return in the 1.1020 - 1.1040
Trade closed: stop reached: For a better choice on this pair see this chart:

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