3-7 February 2020

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UK's official exit on Friday made both the pound sterling and the euro strengthen against the dollar. The eurusd price moved to the neckline of what was H&S pattern on H4. That could slightly push the price downwards creating the handle of the newly sketched cup and handle pattern. And then up again.
Ghi chú
If the cup and handle pattern is validated then the bull rally could continue and cover half of the size of the cup.
Ghi chú
Your thumbs up and comments are much wanted and I am grateful to receive them.
Giao dịch đang hoạt động
The price exited the lower limit of the channel and has respectfully made a strong bear rally.
Giao dịch đang hoạt động
The price could move lower than January's low.
Giao dịch đang hoạt động
But it could at the same time return in the 1.1020 - 1.1040
Đóng lệnh: dừng lỗ
For a better choice on this pair see this chart:
EURUSD 27-31 January 2020
Cup And HandleEURUSDeurusdlongeurusdshortSupport and ResistanceTrend Analysis

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