Hello!
EURUSD is sitting on neckline of potential H&S pattern; on H2 looks like wave 4 is forming and some more sideways is expected, maybe even one more push up because it did not touch even 23,6 retracement and also macd histogram needs to get closer to 0 level; if there will not be some surprise I do not expect lower than 1,3450 or 1,3420/15 and then pullback to touch c=w low before lower.
However surprise is possible because currently & as it is, whole formation does not look to me neither for up neither for down!
Take care and good trading!
EURUSD is sitting on neckline of potential H&S pattern; on H2 looks like wave 4 is forming and some more sideways is expected, maybe even one more push up because it did not touch even 23,6 retracement and also macd histogram needs to get closer to 0 level; if there will not be some surprise I do not expect lower than 1,3450 or 1,3420/15 and then pullback to touch c=w low before lower.
However surprise is possible because currently & as it is, whole formation does not look to me neither for up neither for down!
Take care and good trading!