This H&S pattern has been developing over the last two weeks and we are monitoring this closely. Entry, Risk, and Target noted on chart. Again we will not execute until confirmation of the pattern has been made.
There is lot of indecision in the market because of geopolitical issues and french election. As we are seeing price of dxy getting down very sharply but eurusd price is not rising in comparison.
Currently,price is in bearish flag with abcde wave. E point will be most crucial point because if it breaks then it leads the price towards 1.0810, 1.0875,...