FXAutomate

Head and Shoulders Euro Dollar Play

Short
FX:EURUSD   Euro / U.S. Dollar
With a head and shoulders pattern in play along with a broken bear flag and rejection of all the major moving averages, this might just be the perfect storm bears have been waiting for. The full short target is @ 1.178 with a more conservative target @ 1.187. For a more conservative entry wait for a break below 1.200. Stops should be considered @ 1.215

Comments

A nice outlook.
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