Matl101

Running out of Gas, Prepare for volatility tomorrow!

Short
FX:EURUSD   Euro / U.S. Dollar
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5
Looking at DXY oversold and clear exhaustion, looking at EURUSD , lack of direction and exhaustion of bulls... looks like we are in for a very volatile Friday. If price breaks 1.194 we are going to reach 1.2...


However based on lower time frames, I can see clear H&S Forming, lack of substantial bounce from daily lows = we are in to test 1.185 area, and I think we will visit 1.18 by Friday night.

What are your thoughts on the pair?