High probability bullish inverted HnS pattern in development on the sloping trend line.
Look at the purple trend lines and pathways !!
Potential path : 94.8 (cmp) >> (pull back) 94.20 >> tgt 96 region >> (pull back) 94.5 region >> tgt 95 region >> break neckline & tgt 97-98 region >> pull pack region ?? >> tgt 99-100 region.
And I guess thats when the EU further tapering and Interest rate hike discussions kick in and Euro starts to get stronger !! Possible bullish invalidation zones are marked on the chart are the. Be careful - the fall can be good enough to make you a millionaire :). Just be on the right side trading Eur/USD.
Happy Trading !!
Look at the purple trend lines and pathways !!
Potential path : 94.8 (cmp) >> (pull back) 94.20 >> tgt 96 region >> (pull back) 94.5 region >> tgt 95 region >> break neckline & tgt 97-98 region >> pull pack region ?? >> tgt 99-100 region.
And I guess thats when the EU further tapering and Interest rate hike discussions kick in and Euro starts to get stronger !! Possible bullish invalidation zones are marked on the chart are the. Be careful - the fall can be good enough to make you a millionaire :). Just be on the right side trading Eur/USD.
Happy Trading !!