EUR/USD: Sloping Inverse Head & Shoulders Breakout Toward 1.178

[AIcash]

Hi!

Let's analyze EURUSD

EUR/USD has completed a sloping Inverse Head & Shoulders formation, a pattern typically signaling trend reversal after a prolonged decline. The left shoulder, head, and right shoulder are well-defined, and price has decisively broken above the descending neckline, confirming the bullish structure. The breakout also aligns with the broader rounded bottom forming since October, adding confidence to the upward bias.

Price is now trending inside a steep ascending channel. As long as the pair respects the channel’s lower boundary and the retest zone around 1.1650–1.1670, bullish continuation remains favored. Short-term corrective dips into this area may offer potential re-entry opportunities.

The measured target of the sloping H&S projects toward 1.1780, which coincides with a significant supply zone. This confluence is likely where the next major reaction may occur.

Overall, the structure is logical and valid: reversal patterns, channel momentum, and neckline confirmation all support a continuation toward the highlighted target. Bulls remain in control unless price falls back below 1.1620, invalidating the upside scenario.

[Nahid Hossen]

Classic pattern breakout — momentum looks healthy toward 1.178.

[Abdul Khan]

Retest of neckline could offer the safest entry.