Hello,
As you look on the chart, a bullish inverse head and shoulders is spotted on the hourly chart.
Looks like bulls are struggling to break the neckline, so keep an eye on the 93.90 level.
A confirmed break above this level takes the dollar back to around 96 level, which means much lower prices for the Euro.
As you look on the chart, a bullish inverse head and shoulders is spotted on the hourly chart.
Looks like bulls are struggling to break the neckline, so keep an eye on the 93.90 level.
A confirmed break above this level takes the dollar back to around 96 level, which means much lower prices for the Euro.
Ramzi Abou Abdallah, CFTe, CMT
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