Long Position EUR/USD

25 thg 8, 2018

Good potential long position on this pair. Clear inverse head and shoulders pattern has formed and we are retesting the neckline. I would be inclined to wait for a break and retest of the neckline before a confirmation that the market is bullish. However we may just have a straightforward breakthrough so keep a close eye on this level. Keep an eye on economic releases as always.

This is my opinion on this pair.

Best of luck to everyone.