InvestingScope

Target hit. Important 1D support test. Still bearish.

Kort
FX:EURUSD   Euro / USA-dollar
TP = 1.1570 hit on the additional short as EURUSD was eventually rejected on the 1.1800 - 1.1850 Resistance zone. 1D technically remains neutral (RSI = 46.181, MACD = 0) inside the 1.1510 - 1.1850 neckline of the Inverse Head and Shoulders pattern and will turn bearish upon the 1.1510 - 1.1530 support zone test. The 4H Channel Down (Highs/Lows = -0.0016, B/BP = -0.0050) is keeping the price on standard stable bearish patterns and upon break-out the Lower Low should be near our TP = 1.1450. Potential Lower High at 1.1730, which will be additionally shorted for 1.1570 again.

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