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jannogdp

EUR/USD - Bounce-Back and a Head & Shoulders to Confirm

Long
Euro / U.S. Dollar (OANDA:EURUSD)  
jannogdp  
OANDA:EURUSD   Euro / U.S. Dollar
Support and Resistance Head and Shoulders Trend Lines LONG buy Bullish Patterns analysis technical signal EURUSD trend
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supportandresistance headandshoulders trendline long buy bullish analysis technical signal eurusd trend
Hi traders,

Here is my analysis on the EUR/USD.

The market is in an upward trend and just bounced back up from the channel bottom at previous resistance 1.19791 which is now support. I expect the price to move up towards resistance at 1.23402.

We also have a nice head & shoulders pattern to confirm the bullish move.

Please let me know what you think and if you agree/disagree.

Follow me for more ideas.

Janno
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