The inverse head-and-shoulders breakout seen in EUR/USD's 4-hour chart validates the bullish view put forward by the falling channel breakout on Monday and represents a bearish-to-bullish trend change (transition from lower highs and lower lows to higher highs and higher lows).
As a result, the common currency could rise to 1.14 in the next day or two. The bullish case would weaken if the spot finds acceptance under the inverse head-and-shoulders neckline, currently at 1.1330.
4-hour chart
Source: https://www.fxstreet.com/news/eur-usd-t ... 1902200258
