The EURUSD has rallied significantly and has recently threatened the 1.3711 high. The pair found heavy selling up towards 1.3610 and a breach of 1.3646 would result in a move towards 1.3711. But currently we appear to be setting for a bearish H&S signalling that a top may be in soon.


As we can see here I shorted the pair up at 1.3580 and am looking for a move down to the previous major swing high at 1.3410.

A longer term daily chart would suggest that we've broken higher, but I somewhat disagree, there has been rather a lack of demand and the pair hasn't really broken much higher with any conviction



Because of the lack of momentum I see us falling towards the lower two trend lines by December at so a price target of 1.3300 is fair
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