EURUSD Reversed Head and Shoulders

12 Nis 2020

Recently a reversed Head and Shoulders formation was created declaring the end of that massive bearish trend. The neckline of that formation is the blue bearish trend line and our main resistance here is the 1.09300. Next week we think a correction might occur as the break of the neckline wasn’t that strong. So our buy signal will be the break of the 1.09300 levels after the correction ends.