ChesterXu

EURUSD FEB prediction, likely H&S setup

FX:EURUSD   Euro / USA-dollar
14
I would expect the up and down for EU in FEB, since several aspects in FEB. the SP500 hitting trend top, and UJ hit major resistant zone. + DXY in 101 resistant zone.

+ we see clear divergence of MACD vs price decline.

expect to see DXY down to 100.4 zone again (that would suggest EU up to 1.06900-1.0700 area), then test 98.8 again (that would suggest EU top with 1.07400- 1.07500 area), then H&S finished:)

we will see price drop significantly with trend line from trump rally high and pressure from multiyears' trend line.

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