EUR/USD breakout possible

28 Nis 2017

EURUSD
Previous swing was captured nicely for 2.2R and now price is at a key level again.

There is a head and shoulders pattern and a show of buyers – this supports a break out to the upside especially if its currently on Wave E within the channel.

Price might still bounce off the longer term TL to the bottom of the channel.

Will be looking at lower timeframes for entry.