Shifting from the weekly to the daily chart on the EURUSD, price is nearing the primary downtrend line from the May 2014 ECB slamfest (which reignited volatility in currency trading worldwide).
Notice the convergence with the low from 2005.
Somewhere in-between 1.16-1.17 looks like it could serve as technical resistance next.
I dont see the inverted H&S bottom forming here. More likely we're going to chop sideways for a while until enough larger traders build up a position one-way or the other.