EUR/USD is trying to form a reversed head and shoulder pattern in our opinion! as you can see the Left shoulder and head has already formed but the right shoulder has yet to form! if you pay attention you can see that there is a hidden bearish divergence on RSI as well which will make the expected correction for forming the right shoulder more likely to happen! after the completion of this pattern and breaking of the neckline, the bullish movement can happen as much as the measured price movement!
Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad.
Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Thank you for seeing idea . Have a nice day and Good luck
I have similar views.I hope the pullback will test 1.7965 before completing the right shoulder to bounce upwards.I like your note of bearish divergence.We may still find ourselves testing 1.16200 if the bulls give way to the bears!
Thanks I like your analysis.Safe trading week
Thanks I like your analysis.Safe trading week