arongroups

NEW IDEA FOR EURUSD

Long
FX:EURUSD   Euro / U.S. Dollar
EUR/USD is forming a floor head and shoulder pattern and the likely scenario is that, provided no one-hour close is recorded below the 23.6% Fib support at 1.0993, the EUR will complete the pattern and break. The resistance of the neck line at 1.1043 will grow in an upward rally as high as the head of the pattern until the 127.2% Fibo resistance at 1.1134

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