EUR/USD - possible SHS incoming

2018年11月20日

the euro has lost value in due to the Italian crisis, I expect to see a SHS formation (down to 1,131-1,133 which is 0,5 fibo line) that can be followed from a rise to 1.158. On a weekly basis we are still above the 200D MA which is a bullish signal. The RSI is on 4H chart within a correction, on a daily basis it starts to correct, on a weekly basis is still space to grow but near downtrend line.