Ransquawk

EURUSD – such a bit anatomical title results from the name of the formation that was drawn by the pair, ie the inverted Shoulder-Head-Shoulder (iH&S), which from several sessions is visible on the chart H4. Currently, the quotes are located between the neckline and the shoulder line. It seems quite likely that only after defeating one of these levels will we witness some stronger movement. Supported by the MACD oscillator, which started to grow at the end of Monday’s session, we can say that it is more likely to overcome the neckline and increases. Defeating the shoulder line would, however, be a sign of declines and negation of the upward scenario, so the situation seems quite clear – leaving the zone between the blue lines 1.1525-1.1625 will give us a hint as to the further direction on this pair.

EURUSD H4 – leaving the area between 1.1525-1.1625 can give us a hint of direction for coming sessions

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Ransquawk