FxWirePro: EURUSD forms inverse head and shoulder, good to buy on dips

• Pattern Formed – inverse Head and shoulder
   
• EUR/USD has once again recovered after making a low of 1.09511. It is currently trading around 1.0955.
   
• Short term trend is slightly bullish as long as support 1.0850 holds. Any violation below this level confirms minor trend reversal, a decline till 1.08200/1.0775 is possible. The minor support is around 1.08700.
   
• On the higher side, any break above 1.0955 will take the pair to next immediate resistance at 1.0970/1.100 level in the short term.

It is good to buy on dips around 1.0905 with SL around 1.08700 for the TP of 1.0970/1.100.