EURUSD Bullish Move After Small Consolidation

EURUSD price is in a range on the hour chart and an expanding wedge pattern which also happens to be the right shoulder of a compound inverse head & shoulders pattern. Still room to move up within the wedge. The daily support level in the area of 1.1800 has been respected as both support and resistance in the past. Short term target of approximately 1.1840.

Confluences: 4 hour chart price is making higher highs. Daily chart shows a bullish bat harmonic pattern. 15 minute chart with hidden bullish divergence forming.

Kommentar:

Projected target reached and exceeded.

Trade geschlossen: Ziel wurde erreicht