EURUSD toward long awaited parity OR Inverse H&S for reversal???

Since ECB has started its stimulus ,early last year, to counter the deflation. Euro has rallied multiple times against the fundamentals, circled in chart. Generally due to market mode, where Risk-off mode hit the market heavily. But market always has to correct it-self in the direction of underlying fundamentals. So it happened, Big Brothers who had been seated watchful sold the RIPS of EURUSD aggressively, seen clearly by long wicks at peaks. All three rallies 1,2 and 3 were due to RISK-Off mode. The 4th one (in blue) is exception, when market was expecting ECB to start wrapping up its bond buying programme, which ECB turned down straight away.

Euro rallied once again as we entered into 2017, to produce selling opportunity as we believe. current rally exhausted below 1.800 and broke the supp 1.0589 last week. Euro close @1.0608 well below 1.0714 resistance. Friday's bearish candle was profit-taking OR sell-off anew??? This is what we need to look at. Those who are expecting Inverse H&S in framing, must keep in mind that markets may take direction against the fundamentals but cannot persist it. So what you want to trade correction/trend is all upto you.

Thanks , Trade with Care...