Last week, helped by momentum, the pair pierced 1.25 but news come out at the end of the week that strenghtern the greenback that pulled back for support.
In my post dated 28th Jan I thought a 5th was forming but I still have the doubt that we may still be in the middle of the 3rd. The 2nd wave was made by an inverted H&S which could represent a good pattern for continuing its run. The neckline at 1.20924 is a support that may be tested in the short term. If broken I would target 1.15539 but for the time being I am bullish on this pair and look for targets at 1.27449/1.27552. I don't know, I am just an amatour that try to follow and spot short term opportunities along the way. Hope my ideas may help other ideas to be developed. Thank you for reading and for sharing your ideas.
In my post dated 28th Jan I thought a 5th was forming but I still have the doubt that we may still be in the middle of the 3rd. The 2nd wave was made by an inverted H&S which could represent a good pattern for continuing its run. The neckline at 1.20924 is a support that may be tested in the short term. If broken I would target 1.15539 but for the time being I am bullish on this pair and look for targets at 1.27449/1.27552. I don't know, I am just an amatour that try to follow and spot short term opportunities along the way. Hope my ideas may help other ideas to be developed. Thank you for reading and for sharing your ideas.
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