EUR/USD - Bounce-Back and a Head & Shoulders to Confirm
Hi traders,
Here is my analysis on the EUR/USD.
The market is in an upward trend and just bounced back up from the channel bottom at previous resistance 1.19791 which is now support. I expect the price to move up towards resistance at 1.23402.
We also have a nice head & shoulders pattern to confirm the bullish move.
Please let me know what you think and if you agree/disagree.
Follow me for more ideas.
Janno
Here is my analysis on the EUR/USD.
The market is in an upward trend and just bounced back up from the channel bottom at previous resistance 1.19791 which is now support. I expect the price to move up towards resistance at 1.23402.
We also have a nice head & shoulders pattern to confirm the bullish move.
Please let me know what you think and if you agree/disagree.
Follow me for more ideas.
Janno
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