after a steep decline the pair got stuck around the 111.500 level indicating a weakness in trend that eventually formed a head and shoulders pattern other that that zooming in the hourly there is an indication that the trendline of the pattern will break because of the strong pennant pattern
recap ; multiple patterns indicate a move up stops can be placed below the neckline wich gives us a nice risk reward ratio Targets are not set yet Economic events will influence my trading position