EURUSD: Bullish outlook for short term

Few days ago, H&S top was spotted in this pair, Now a small inverse H&S is also spotted on the same pair. Also the neckline break wasn't sustained means a failure of the H&S pattern. Above the red line EURUSD should move up aggressively.

Bình luận:

Neckline breakout. One should go long keeping stops below the right shoulder for targets of 1.23 and a new high.

Giao dịch đang hoạt động:

Stops can be revised to 1.21800 & keep outlook for upside.

Bình luận:

revised STOP reached. The breakout is failed , more confirmation if the prices fall below 1.20900 & we can look for downside objectives