The EUR/USD has formed a bullish SHS pattern (Shoulder-Head-Shoulder) or inverted Head and Shoulders as traders also call it.
I am bullish on this pair. The POC zone is 1.1365-75 and rejections from the zone target 1.1390. The price NEEDS to close above 1.1390 for a continuation towards 1.1415 and 1.1440. However a drop and close below 1.1350 will put the pair in neutral mode again and we might see yet another boring range play. MACD and MTF BB support the bullishness too.
