Head and shoulders

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EUR/USD Spikes Higher In Asia - A Sign Of Things To Come?

April 12, 2019 3:54 AM
Around 1am London, EUR/USD spiked higher and, upon closer inspection saw the bid for Euro was broadly based. This leaves a potential bullish breakout on the cards for UK or US trading session ahead of the weekend.

EUR/USD: Busted Bearish Head-and-Shoulders Becomes Bullish Head-and-Shoulders?

September 18, 2018 8:28 PM
Last week, we highlighted the bearish head-and-shoulders pattern forming on the US Dollar Index (see “Dollar Index Head-and-Shoulders Pattern in Play After Weak Inflation Data” for more). With the euro making up nearly 60% of the dollar index, it’s not surprising that a similar, inverted head-and-shoulders pattern is forming on EUR/USD, as we’ll see...

EUR/GBP continues head-and-shoulders slide towards downside target

May 25, 2016 5:30 PM
<p>EUR/GBP continued its sharp slide on Wednesday morning for the second consecutive day this week as the euro has generally remained in a prolonged slump and sterling has once again taken center stage as the star performer against other major currencies. In the process of this slide, the currency pair hit a new 16-week low under 0.7600 early on Wed...