After our yesterday's successful sell trade in EURUSD (link below) we may have another nice opportunity at this market, with price testing a key support zone created by previous structure and the sliding parallel of the descending channel which prviously acted as resistance. In addition we may clearly see a completed reverse head and shoulders pattern. Watch for a buy setup and go long with EURUSD
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Price reached the upper parallel of the channel. In case it breaks above it there is a high probability to reach our initial target zone
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News gave us the last move of this setup. Those who identified a setup a the buy zone booked a very nice trade ;) Well done
@Vincesil, You are welcome mate.. Actually no..! I believeit will sell off next week.. I will post a chart in the weekend to show my analysis.. So stay tuned ;)
@Vincesil, Yes.. It pretty obvious now that after breaking above the resistnace price is now in a correction. Most likely we are going to have another move to the upside.