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Analysis

EUR/USD Bullish SHS Pattern Within 1.1350 Zone

The EUR/USD has formed a bullish Head and Shoulders pattern with the right shoulder being within 1.1350 zone. If the price closes above the trend line, it will mean a potential breakout to the upside targeting 1.1477. However if the price breaks below 1.1330, we could see a retest of 1.1300 with a potential for a further break lower.

 

EURUSD Current Trading Positions

Sell 57%
Buy 43%
100.0%57.0%0556065707580859095100
 
Avg Sell Price 1.1475
Avg Buy Price 1.1466
Liquidity Distribution
1.12001.14691.1880SellBuy
 

 

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