Eklavya - EURUSD

I am starting this weekly thread so I can post my weekly analysis of EURUSD. I am going to use my analysis for making up my bias for the following week. Please feel free to comment on my analysis. I guess using a different perspective will only be better.

Pair has bounced of Keltner channel low three weeks ago and is close to the upper channel limit. It is close to the upward resistance of 1.4967. If the pair breaks through this resistance, its northward journey should continue. On the daily chart, the pair has broken through the neckline of an inverse H and S pattern. The price is also hovering near the 78.6 Fib Level. In my opinion the price should test the neck line and close above the 78.6 Fib level.

EURUSD fell back to the right shoulder after a failed breakout of the Inv H and S pattern. The pair has been consolidating in the region for a past couple days. In the upcoming week, the pair should again start approaching the right neckline. The next two daily candles will be crucial in how the week will play out. If we see rejection of lower levels, the pair will be set for an upmove.

I will be looking to go long this week. The pair seems to be rejecting lower levels last week. Last week was a pinnish bar and the price came off the support levels.