EURUSD 1.1145 is IMPORTANT level

1 min read

2015-05-04_9-48-50

EURUSD is making head and shoulders variant 2 pattern and judging from historical price action vs now moment price action 1.1145 seems to be crucial for both bulls and bears. 1.1145 ( L4, previous buyers-break out, neckline ) if taken out , might lead the price down to 1.1030-1.1015 region. While the price holds above 1.1145 there is still possibility for price to touch 1.1230 and 1.1270. MACD shows neutral to bearish bias but right now 1.1145 stands as support.

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