BluetonaFX - EURUSD Inverse Head & Shoulders LONG Idea

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#EUR/USD# BluetonaFX - EURUSD Inverse Head & Shoulders LONG Idea

Hi Traders!

EURUSD has a potential inverse head-and-shoulders pattern forming on the 4H chart.

Price Action 📊

Recent higher market swings with higher highs and higher lows, and the market is currently above the 20 EMA.

We are looking for a bullish momentum break above the neckline.

Fundamental Analysis 📰

ECB President Lagarde continued her hawkish stance by repeating that interest rates in the eurozone will remain high for as long as needed.

Support 📉

1.05707: 20 EMA

Resistance 📈

1.05936: NECKLINE

Risk ⚠️
No more than 2% of your capital.

Reward 💰
At least 4% of your capital.

Please make sure to click on the like/boost button 🚀 as your support greatly helps.

Trade safely and responsibly.

BluetonaFX

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