We see a double bottom pattern on the daily timeframe. Scaling down to the H4 timeframe, If EURUSD breaks the neckline of the inverse H&S pattern, there is a big chance we might retest the previous high at 1.235, and a break above this level will certainly send the euro to higher ground possibly to the 1.25 level in the longer run. #bless
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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.