EURUSD Cup & Handle
Updated
Looking at EURUSD last week we had the Head & shoulders pattern indicating multiple long opportunities. Price broke through the 1.12500 resistance level and is looking to have found resistance at the 1.12800 level. Looking at the 1H chart you can see the same level being resisted on the 27th of march and the head and shoulders pattern following the cup pattern to the 1.11800 level before returning up to current price.
I'm currently waiting for a bull flag pattern following the handle before a Long target of 1.13200.
I'm currently waiting for a bull flag pattern following the handle before a Long target of 1.13200.
Trade closed: target reached
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