EUR Head & Shoulder pattern Plus AB=CD, Watch out 1.1830
The EUR/USD pair stalled its rebound from seven-week troughs in Asia, as the bulls take breather ahead of an eventful economic calendar today, with the key focus on the US jobs and central bankers’ speeches.
Technically, the DXY still in the rebounding period in Daily timeframe.But if u are a day trader or have preference of trading in short time frame, 30 minutes chart will be helpful to identify the reversal points.
Head & shoulder pattern established as the price get support from 200 MA level, targeting to 1.1830.
Meanwhile, a potential AB=CD is about to finish at also 1.1830, 2.0 extension of AB leg.
Thus watch closely to 1.1830, a strong resistance level in coming two days. Downside prevails if the price hold.
Technically, the DXY still in the rebounding period in Daily timeframe.But if u are a day trader or have preference of trading in short time frame, 30 minutes chart will be helpful to identify the reversal points.
Head & shoulder pattern established as the price get support from 200 MA level, targeting to 1.1830.
Meanwhile, a potential AB=CD is about to finish at also 1.1830, 2.0 extension of AB leg.
Thus watch closely to 1.1830, a strong resistance level in coming two days. Downside prevails if the price hold.
Giao dịch đang hoạt động:
Price stand strong within a short range near 1.1760 neckline, support level at 1.1747, and may gain stronger momentum from ECB's minutes tonight.
But be carfeful that US 10Y yield is also in a uptrend ,which may partilaly wipe the rally of euro, take profit if price fails to stand firmly over 1.1800
But be carfeful that US 10Y yield is also in a uptrend ,which may partilaly wipe the rally of euro, take profit if price fails to stand firmly over 1.1800
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