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.
If the cup and handle pattern is validated then the bull rally could continue and cover half of the size of the cup.
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The price exited the lower limit of the channel and has respectfully made a strong bear rally.
The price could move lower than January's low.
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: