EURUSD has validated the H&S pattern and dipped rather consistently, more pips to follow, but first a small retracement lurks for the first day of the week.
EURUSD 27-31 January
The pair made a 0.5 fibo retracement on the daily chat during its rally and so pushed the price in the other direction. The daily 55 EMA, however, offered support yesterday, making the price jump up and down.
Thank you for your extensive and rather persuasive comment. I completely agree with you, I based my projection on USDCAD previous price action after a strong rally. It always used to make a strong retracement compared to other pairs.