EURUSD is showing a clear head and shoulders pattern on the 2 hour chart, and you can see one some what on the 4 hour. Remember, all the head and shoulders shows/tells us is a shift in trends. From lower highs, to higher lows.
I am liking what I am seeing, all though, would like to see a break and close above the 1.1157-60 zone. On the 2 hour you can see the large candle body above around 1.1160.
For more confluence, we have the DXY also at a resistance zone. Please remember there is a big risk event tomorrow with the Federal Reserve expected to cut interest rates.
I am liking what I am seeing, all though, would like to see a break and close above the 1.1157-60 zone. On the 2 hour you can see the large candle body above around 1.1160.
For more confluence, we have the DXY also at a resistance zone. Please remember there is a big risk event tomorrow with the Federal Reserve expected to cut interest rates.