EURUSD outlook

FX:EURUSD   欧元/美元
Another strong performance this week from the EURUSD driven by bearish dollar sentiment following fiscal concerns in the US. A false breakout above the January highs of $1.25 quickly retraced back to the monthly open. Potential inverse H&S in play?
Median line of this short (untested) pitchfork could come into play alongside the 50% retrace of the post CPI move higher. Slightly lower would be the 61.8% retrace, the 50% retrace of the 9th -> 16th move, the 21DMA, and an untested trendline .
Assuming no changes to outlook, the dollar weakness will continue to provide upside opportunity
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