EURUSD Analysis==>>Inverted Head and Shoulders Pattern!!!

Oct 24

EURUSD( EURUSD ) is moving near the Upper line of the Descending Channel, Support zone($1.0816-$1.0775), and Support lines.

Regarding Classic Technical Analysis, EURUSD has already broken the Neckline of the Inverted Head and Shoulders Pattern (Bullish Reversal Pattern).

Also, Regular Divergence (RD+) between Consecutive Valleys.

I expect EURUSD to rise to at least the width of the descending channel after breaking the upper line of the descending channel and SMA(100) and then attacking the Resistance lines.

⚠️Note: If EURUSD goes below $1.075, we must wait for more dumps to at least $1.069⚠️

Euro/U.S.Dollar Analyze (EURUSD), 1-hour Time frame ⏰.

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Oct 25

Trade active

Trade was activated

Oct 25

Note

You can keep the position, and I found another Inverted Head and Shoulders Pattern with a bigger scale.:)

Oct 26

Note

If EURO goes below $1.0768, we must wait for more dumps.

Oct 30

Trade closed: target reached

Due to the tension between Iran and Israel in the Middle East, and America's indexes, it took a while to hit the target, but it finally hit the target.