A possible H&S has been forming on the EUR/USD chart since mid-July 2017, visible through the daily chart.
The pattern has already threaten to break through in August 2018, but instead, happen to be only an extension of his 9 months old head.
Back in September 2018, it attempted to break through to the other side, trying to outperform the top of its right...
$EUR-USD - Possible rising wedge pattern in place.
Momentum oscillator is also giving us a divergence, going negative while the price was moving bullish.
If 1.128 is broken with Volume, let´s brace for new lows at 1.10 or, even possibly at 1.09, which would also be the 100% price-objective for that rising wedge pattern.
$EUR-USD - Possible rising wedge pattern in place.
Momentum oscillator is also giving us a divergence, going negative while the price was moving bullish.
If 1.128 is broken with Volume, let´s brace for new lows at 1.10 or, even possibly at 1.09, which would also be the 100% price-objective for that rising wedge pattern.
$EURUSD - Head & Shoulders in place.
Heading lower as the Neckline has been broken.
First area of support at 1.08 (61.8%). Second area of support at 1.06 (100%).
Neckline can be retested, but might be considered as another opportunity to get short.
