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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