traderpulse

EUR/USD Technical analysis

Long
FX:EURUSD   Euro / U.S. Dollar
After a downhill move, EUR/USD has formed an inverse head and shoulder pattern.
It has broken the neckline too and is currently consolidating just above it.
Hence we expect the pair to turn bullish and move to the resistance levels at 1.12871 and 1.13237.
Trade closed: target reached

Comments