EURUSD is forming a potential inverse Head and Shoulders pattern on the 1/4 hour timeframe, indicating a bullish projection toward 1.08829.

A validate breakout above the neckline closing above 1.06095 is ideal. A breach of the neckline could trigger momentum toward the projected target which is last month open price, while failure to sustain key levels may result in deeper retracements.
Chart PatternsTrend Analysis

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