was formed on 16.10 at 17:00:24 (UTC+0)
signal strength 3 of 5
signal strength 3 of 5
According to the chart of M30, EURUSD formed the Inverse Head and Shoulder pattern. The Head’s top is set at 1.0546 while the median line of the Neck is found at 1.0495/1.0525. The formation of the Inverse Head and Shoulder pattern evidently signals a reversal of the downward trend. In other words, in case the scenario comes true, the price of EURUSD will go towards 1.0576
Figure
Instrument
Timeframe
Trend
Signal Strength
