Overall bullish outlook

EURUSD form an odd looking Head and Shoulders and while it penetrated the neckline, it did not follow true H&S pattern. The pair has gone into consolidation since the end of OCT 18'. Looking a the chart, you have three strong bullish bars denoted by the arrows. A bullish bar is a bar with a big thrust up and coming back down closing above the open. On top of that, Those thrusting bars have formed an upward trend line on both sides essentially creating a arrow head. My opinion on this pair is it will come back down to support at 1.12200 before attempting another move upwards. If we can see a clean break through the right trend line the pair should break through resistance at 1.15700 and go for 1.18200.

*This observation is based on my opinion as a trader. Trading is risky and not guaranteed.