EUR/USD (Bearish) Head and Shoulder Pattern Forming
(1 hr Chart) EUR/USD forming a strong head and shoulder pattern right now and setting up for the Sell/Short on this major pair this week.
Currently having resistance at price range 1.17564 and support at 1.16935 and 1.16106.
I believe that this pair will break thru their support 1.16935 and retrace back to that price range to test its new resistance there and then shoot down and test it's new support at 1.16106 having a small retrace to then eventually break thru the support at 1.16106 and will be in a down trend from there.
Currently having resistance at price range 1.17564 and support at 1.16935 and 1.16106.
I believe that this pair will break thru their support 1.16935 and retrace back to that price range to test its new resistance there and then shoot down and test it's new support at 1.16106 having a small retrace to then eventually break thru the support at 1.16106 and will be in a down trend from there.