EURUSD

Long on break of 1.1750. to 1.9800. Completion of H&S (right shoulder for downtrend). I see this pattern on many pairs today including the dollar index. Is it a coincidence that this level at right shoulder is also the daily 200MA? RSI confirms uptrend of EurUSD + Downward pressure of DXY back to 93 before a big run up on the dollar and drop in the EU back to 1.06 or so.. The comments from the ECB monetary policy meeting today - Europe expects weaker econonomic prospects for it's countries but higher inflation. also share today US shows weak CPI data today which gives reason for a short term uptrend in EURUSD before a big down swing

GL