EURUSD, MASSIVE Head-Shoulder-Formation, Determining Zones!

Hello,

Welcome to this analysis about EURUSD, we are looking at the daily timeframe perspectives. In my recent analysis, I discovered serious signs EURUSD is forming that will be important in the near future, especially the formation EURUSD is developing here will be a main factor in the upcoming times. As when looking at my chart now we can watch there how EURUSD has developed this massive paramount head-and-shoulder-formation with the left shoulder and the head already completed. Now EURUSD is moving on to form the right shoulder in the structure and has meaningful resistances within the 35-EMA in red and the 15-EMA in black from where a pullback is highly likely when EURUSD moves into it. This is why the formation has a high possibility to complete in the near future especially when EURUSD pulls back from the EMAs, when this happens and EURUSD closes below the neckline it will complete the whole formation bearishly to the downside and activate downside targets within the 1.128 level marked in my chart in blue. For now, we should not keep this bearish perspective out of sight and it is necessary and the best option to rightly prepare on it to do not get overwhelmed by bearish volatility when it finally increases.

In this manner, thank you for watching my analysis about EURUSD and the massive head-and-shoulder-formation forming likely to complete in the near future, great when you support it with a like and follow or comment, all the best!
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Information provided is only educational and should not be used to take action in the markets.