lately this pair was not favored to go long by any means, but in the start of the new trading week we can expect some changes. Euro is oversold for while now across the board, and that is no secret. Talks about Greece are continuing but are offering little or no info about any concrete action.Inverse Head and Shoulders pattern is forming on 1h chart, and if pair gives the opportunity to go long it would be very beneficial, with tight stops. Inverse Head & Shoulder patter once it is formed it suppose to extend the shoulder for the same number of pips as there is from head to shoulder. Entrance in a trade is dependent on risk tolerance.
Targets in this case would be 124.00 and above, stops should be placed bellow left shoulder (bellow 122.00)
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