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.
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Neckline breakout. One should go long keeping stops below the right shoulder for targets of 1.23 and a new high.
Trade active
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Stops can be revised to 1.21800 & keep outlook for upside.
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revised STOP reached. The breakout is failed , more confirmation if the prices fall below 1.20900 & we can look for downside objectives