EURUSD possible medium term scenario

17 giu 2018

EURUSD is just retesting the uptrend line and just holding that-I am looking for two possible scenarios, if it just holds the trend line, chances are it is likely to reverse. If it breaks the trend line and forms a linear compression pattern, it is very much likely that it should be testing the 1.10 handle over the coming weeks. Another possible scenario could be forming a head and shoulder pattern on weekly as well. My momentum indicators are suggesting as if the odds are more to the upside. But anyway lets see.