- EUR/USD’s double bottom and the head and shoulder scenario is materializing. - The break above 1.4370 opens up the 1.4450, 1.4535 pivots as this week’s targets. - More aggressively, there is also a pattern breakout projection towards 1.4650. A swing projection targets 1.4740. - The RSI reading in the 4H chart has been stuck between 40 and 60, and a clear break above 60, preferably along with a tag above 70, should help confirm that there is bullish momentum for more upside potential. - The 1H chart shows the RSI able to keep above 40, and now kissing 70 again, showing bullish continuation. - Price action is strong. ... (full story)