EURUSD: Head & Shoulders as Trend Reversal Signal

The price is forming the Head & Shoulders pattern, which belongs to a reversal group of chart patterns. The market showed a good uptrend. If this pattern is confirmed by a breakout below the key line, it will be a trend reversal signal. The main target for sellers based on the pattern will be at 1.10000 support.

If the price bounces from the key level, the market will give us a bullish signal with the main target at 1.14000 resistance.



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Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.