The strength of the dollar has weakened and the dollar index began to depart from the highs achieved last week, dropping to the mark of 95.00.
The current EU figures show positive dynamics and support the USD. Our pair also left the minimum annual values and shows growth. At the moment, the movement has slowed and we are seeing a local correction in the pair.
On the chart we can notice that the pair is forming the inverted head and shoulders pattern, so we suppose that a second shoulder is being formed now and then an upward movement will begin.
Technical indicators point to sales, so we advise you to wait for the shoulder formation to be completed and look for points to enter long positions. A turnaround is possible from the marks of 1.1540 or 1.1500.
