Get started
traderpulse

EUR/USD Technical analysis

Long
Euro / U.S. Dollar (FX:EURUSD)  
traderpulse Updated   
FX:EURUSD   Euro / U.S. Dollar
Trend Analysis Head and Shoulders Inverse Head and Shoulders
1
0
trendanalysis headandshoulders inverseheadandshoulders
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
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.