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EUR/USD Radar Signal-January 10, 2012

By: FXRenew Team

Radar Signal

Currency Pair: EUR/USD
Direction: Long
Trader Comments: An inverted Head and Shoulders pattern has been spotted on an hourly chart for EUR/USD. The neckline is made up of a bearish trendline which is where the pair is currently trading. We will be watching for a break and retest of the neckline to issue a market order long for the pair.  The image analysis for this EUR/USD signals is below.

EUR/USD Signal - Januarly 9, 2012

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