farhaniqbal

EU - Waiting for momentum

FX:EURUSD   Euro Fx/U.S. Dollar
eu
42 0 0
eu
There are 2 Head and Shoulder pattern that we can observed for EU.

1) Bearish HNS which is shown in red where the result is still in progress as EU is still in consolidation mode. If the prices goes down and break the support and trendline, it is likely that it will go down to 1.04000 as indicated by arrow.

2) Bullish HNS which is shown in green can be a short term bullish pattern . If the price breaks the neckline and the upper trendline, it will pullback to 1.1160 area before continue upwards to 1.4310.

Let's wait for Euro             and New York             session to open/
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