EURUSD WM2 to WM4 and then down

In a post I uploaded on Saturday regarding Euro I had EURUSD coming back up to MPP and then down next week as we get US inflation data and Euro inflation data. Weekly pivots have setup perfectly on EURUSD and Dollar Index for this week’s trade.

EURUSD Daily

MPP marks the role reversal of the neckline of the head and shoulder pattern. MPP gets us down to MS2. The 38.2% fib retracement has a target of 161.8% which is MS2.