EURUSD has formed an inverse head and shoulders that is signs of bull trend.
from the indicator aspect MACD shows bull signs on daily chart and candle price
is moving above the ICHI cloud ( another bull sign).
if you want to take a long position wait the price breaks the inverse H&S neckline
below the 1.124 this strategy would be invalidate for short term.
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The candle touch the support line 1.124 but didn't close below this level so the H&S pattern still validate, even if this pattern invalidate when the price close below 1.124 level soon or later must go upward. so the bulls still have more chance.
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bounced upward after testing our support level as expected.
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My strategy: if the moment candle or next one closed below our Ichi cloud I would close my long position. waiting for another confirmation for new position. long or short I will update.