The Eur/Usd had bounced forming a trend-line on the 200sma area weekly chart. At present price is "trapped" between the 50sma and 200sma . Extreme speculation might suggest a possible head and shoulders in the future.
Disclaimer: I trade the patterns depicted either at the entry point stated (e.g. trading channel, breakouts) or afterward. Although my trades are based on technical analysis, trading forex is a risky activity and may produce significant monetary loss. I only post public the trades that I am considering to make, or made and the rational for them. Not intended necessarily as trading recommendations. By SurpriseTrade@gmail.com
