The Euro USD
formed
a bullish Pennant which signals that the Euro may continue its bullish trend on
the short term trading, so if it breaches up the 1.31 level, it will rise
towards the 1.3120 level.
Then it’s
expected to retreat on the next week, and this is confirmed by the trying of
prices to form the Head and Shoulders pattern on the top of the daily chart.
We also notice that most of the
Oscillator indicators have started to show the beginning of the weak bullish
trend, and also that the prices are going to retreat.
