InvestingScope

EURUSD: Replicating the Q2 pattern. Optimal sell opportunity.

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FX:EURUSD   欧元/美元
The price action is identical to the 2nd quarter's sequence with the Lower Highs on the bearish H&S pattern leading to an eventual yearly low at 1.11100. We are expecting a similar development as the price is currently trading on the 5th leg, which is the final rejection point. Our TP is 1.11100, but shorter term traders can only look for thr 4H 1.11800 Support.






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