The US Dollar Rallies against the Swiss and the Euro
Head and Shoulders
The 2 Hour chart on the Euro shows a decent Head and Shoulders Pattern that completed after taking a Thanksgiving Day pause. The Chart Below Shows the Inverse Correlation between the Euro and the Swiss back in sync - However - the other majors did not participate and consolidated
Inverse Head and Shoulders ?
Above USD-CHF chart shows the mirror image of the EUR-USD, However - this Inverse Head and Shoulder has not reached it’s patterns target price. The Euro-USD basically has played out the pattern - so we need to watch the USD-CHF to see if this will complete.
Pound Does Not Participate
The other majors did not participate in the move shown with the Euro and the Swiss - As one example the above chart shows the continued consolidation on the Pound - Dollar.
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