Confluence of horizontal support with median lines. Potential resistance zone at 1.094 - 1.0935 region. Look for doji or bearish reversal pattern here near the outer median line. A break below 1.08168 will see a sharper decline down to 1.0632 region.
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EURUSD Daily chart has formed a H&S pattern. 1.065 - 1.063 most likely on break of the neckline at 1.0837
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The short set up is still governed by the H&S pattern. Here's the updated chart. Not ruling out a move to 1.10, which could be used to take an additional short depending on the risk management.
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12Hour chart view.
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Cover stops to 1.0986, the recent high.
Trade geschlossen: Stop wurde erreicht:
Stopped out: 1.0986
