Good day forex traders.
It is the new month and I hope everyone is feeling excited ! Lets make this a fantastico month of trading ya?
The previous EUR/USD forecast saw a temporary spike in the currency pair. However the bullish momentum did not push through further.
Looking at the EUR/USD 4 hourly chart above we note that the currency pair is indeed back at the 1.2950 region
Tell me, does it look like a developing heads and shoulders technical chart pattern? Only time can tell.
Watch out for Europe opening later. With more volume, there may be developments.