Hi there,
EURUSD is approaching the neckline of its H&S pattern. In this post I want to share two possible scenarios, first, the price will bounce from the zone around the neckline and continue its up direction, or, the second, then the price keeps on going down and making lower lows.
Now we have to watch price action more carefully, because it is currently setting for us trading direction for the next few weeks.
Monthly EURUSD is trending up, but weekly and daily it is purely a bearish trend.
EURUSD is approaching the neckline of its H&S pattern. In this post I want to share two possible scenarios, first, the price will bounce from the zone around the neckline and continue its up direction, or, the second, then the price keeps on going down and making lower lows.
Now we have to watch price action more carefully, because it is currently setting for us trading direction for the next few weeks.
Monthly EURUSD is trending up, but weekly and daily it is purely a bearish trend.
