AntMwah

Inverse H&S immediate target 1.162 neckline (presently 1.158)

Long
FX:EURUSD   Euro / U.S. Dollar
This has formed a large inverse H&S following the completion of a smaller one earlier in the week. Bears might have got sucked into what looked like a H&S top on the hourly but has subsequently failed - zooming out to the longer time frames gives us this structure shown on my chart.

The immediate target for longs here is the neckline / recent high at 1.162. I will revisit when we get there as a break above that level would open up some much much bigger targets (118+)

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