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EURUSD is trading once again below 1.18 after reaching as high as 1.19. Our target of 1.1945 was not reached and price is now challenging the bullish scenario.
EURUSD is approaching once again the weekly support trend line coming from 1.17. In previous posts we talked about the potential head and shoulders pattern that will be activated if price breaks below 1.1750. So as long as price is above 1.1750 bulls still have hopes. If the 1.1750 price level is broken we will get a bearish signal.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
InstaSpot analytical reviews will make you fully aware of market trends! Being an InstaSpot client, you are provided with a large number of free services for efficient trading.
