EURUSD has formed a head and shoulder reversal pattern with rsi displaying bearish divergence.
The price has also broken the ascending trendline suggesting a drop is about to happen.
If the price consolidates below the resistance level we can open short orders with targets at 1.0547 and 1.0456.
The price has also broken the ascending trendline suggesting a drop is about to happen.
If the price consolidates below the resistance level we can open short orders with targets at 1.0547 and 1.0456.
Trade closed: target reached