the eurusd to rebound
towards 1.32, followed by 1.33-34 nearing the end of December the ensuing reverse Head & Shoulder
formation appearing in eurusd is a classic (and rare) bullish formation, with
clear delineation of: (i) a required preceding sell-off; (ii) an isolated low,
creating a left shoulder;(iii) a renewed sell-off to create a bottom or a head; (iv) a subsequent peak, creating a right shoulder; and (v) a straight neckline
coinciding with trendline resistance.
