Have short position since 1.1, so speculate what will happen next....
EURO has broken out the rising wedge and is forming the right shoulder of a larger S-H-S pattern. The right and left shoulders have similar height so it looks good to me. There might be a bounce at the neckline (around 1.08), if it is broken decisively then the price might move down to 1.05-ish.
EURO has broken out the rising wedge and is forming the right shoulder of a larger S-H-S pattern. The right and left shoulders have similar height so it looks good to me. There might be a bounce at the neckline (around 1.08), if it is broken decisively then the price might move down to 1.05-ish.