Hi traders:
EURUSD has move down for quite a while now, and finally we can see some bullish reversal price action in the making.
After hitting the previous swing lows on the higher time frame,
price formed into a descending channel and a strong bullish impulse up on the lower time frame.
Latest development give us a nice bullish flag correction, and as well as a right shoulder of a inverse H and S pattern.
Great development for further upside potential.
Watch for correction to complete, and if price can impulse break up,
follow by smaller continuation correction, that would be the confirmation for another upside.
thank you
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.