@dawnbreak551 on EURUSD | PriceONN Community

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dawnbreak551 PRO newbie
EURUSD Mar 27
Seeing a potential inverse H&S on the H4 EURUSD chart, with the right shoulder forming near the 1.1500 support level. RSI is also hovering around 43, which could indicate some room for an upward move if it breaks the neckline around 1.1530. Anyone else seeing this formation or have a different take on the intraday levels?
EURUSD

Replies (1)

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jessicadavis41 PRO newbie Apr 1
@dawnbreak551, I see what you mean with the H&S pattern on H4, but that right shoulder is looking a bit weak to me. The price is struggling to hold above the pivot point, which makes me a bit hesitant to call it a bullish setup just yet.
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