EUR/USD expected to rise by 1st Mar 2018. In first chart daily analysis shows shoulder head shoulder pattern at the bottom. The neck line drawn is crossed and indication of rise is implied by the chart. In second chart there is consolidation seen which is marked in a rectangular form, after the consolidation is broken the rise is expected in eur/usd by 1st mar 2018. The EUR/USD is expected t rise up to 1.2492 by 1st mar 2018. Both the charts indicate extremely bullish picture for the pair.
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EUR/USD bearish shoulder head shoulder pattern
The daily chart of Eur/usd pair is forming a shoulder head shoulder pattern and a neckline is drawn to show it and weekly chart of Eur/Usd pair shows 5day exponential moving average has crossed above the price. It is expected that due to both this factors on the daily and weekly chart the price will drop up to 1.1530 level by 1st December 2017.