Hello all friends,
Euro bounce from 1.3000 low seem to be halted by 1.3400 resistance level. My preferred pattern is H&S in daily chart that 1.3380 resistance rejected Euro for consecutive times, In H4 chart we are in bullish channel as yet, yesterday try to break this channel was rejected from 1.3275. What we should anticipate as next move?! H4 bullish above 1.3300, Daily Bearish below 1.3380. My view is breaking below 1.3270 in coming sessions and retest of 1.3000 in coming days so:
Enter short below 1.3300 with stops above 1.3380 and targets below 1.3050.