Technical alert: EURUSD

1:32 PM December 2, 2019

Key support: 1.10
Key resistances: 1.1025, 1.1052

Taking a look at EURUSD chart, one can see an inverse head and shoulders pattern on H1 interval. In theory, such a pattern heralds an impending upward move. EURUSD is trading near the key resistance at 1.1025. A break higher could call for a rally towards the 1.1052 handle.

EURUSD H1 interval. Source: xStation5

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