Last week EURUSD went back and forth in a rather tight range. We are currently just above the support level of 1.1200.
Trading Preference – Inverse Head & Shoulder
The preference is to buy the pair at this level, based on the strong support level and we can also see Inverse Head & Shoulder pattern as shown on the chart. If the price breaks below 1.1150, it is a very bearish scenario though. So keep caution trading this pair.
Disclaimer: Our analysis and forecasts given on this website are just our point of view about the market. It is not a trading signal or investment advice.
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