Technical outlook and ideas for Forex pairs
We have outlooked several promising Forex pairs and the result can surprise you!
EUR/USD: short-term trade idea
Information is not investment advice
On the H1, you can see that EUR/USD formed an inverted “Head and Shoulders” pattern. As long as the price is above the neckline and the 50-week MA in the 1.1178 area, it will retain the chance to get up to the 1.1215/40 area. The slide below 1.1170 can lead to a correction to the lower levels in the 1.1145 and 1/1125 areas. Still, the uptrend since the end of November is still in place, so buying is potentially a less risky and more profitable option.
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