TradingSutra

EURUSD: Bullish outlook for short term

Long
FX:EURUSD   Euro / U.S. Dollar
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.
Comment: Neckline breakout. One should go long keeping stops below the right shoulder for targets of 1.23 and a new high.
Manish Bhardwaj
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