Advertisement
Advertisement

EUR/USD Inverted SHS Pattern Suggests Bullish Uptrend Cont

By:
Nenad Kerkez
Updated: Dec 13, 2018, 11:31 UTC

Hi traders, The EUR/USD has formed a bullish SHS pattern (Shoulder-Head-Shoulder) or inverted Head and Shoulders as traders also call it. I am bullish on

eurusd

Hi traders,

The EUR/USD has formed a bullish SHS pattern (Shoulder-Head-Shoulder) or inverted Head and Shoulders as traders also call it.

I am bullish on this pair. The POC zone is 1.1365-75 and rejections from the zone target 1.1390. The price NEEDS to close above 1.1390 for a continuation towards 1.1415 and 1.1440. However a drop and close below 1.1350 will put the pair in neutral mode again and we might see yet another boring range play. MACD and MTF BB support the bullishness too.

For more daily wave analysis and updates, sign-up up to our ecs.LIVE channel.
Many green pips,
Nenad Kerkez aka Tarantula FX
Elite CurrenSea

About the Author

Nenad Kerkezcontributor

M.Ec. Nenad Kerkez aka Tarantula is Elite CurrenSeas Head trader and a valued contributor to many premium Forex and trading websites.

Did you find this article useful?

Advertisement