EUR/USD is seeking a price bottom as we can see in the 4H chart. We can say that the pair broke above a triangle that was completed last week. We can also see that there is also an inverted head and shoulders pattern with the neckline at 1.2987. Consolidation, Bullish Correction, Upside Risk: If this price bottom sticks, EUR/USD might be in the middle of a meaningful consolidation or bullish correction. In this scenario, there is upside risk toward the 1.3110 support pivot and possibly the 1.3160 support/resistance pivot. When we look at the 1H chart we can see that price crossed above the 100-, and 50-hour simple ... (full story)