FXTechs
Short

Possible Head and Shoulders Topping Pattern

FX:EURUSD   Euro / U.S. Dollar
EURUSD             Appears to have topped out below 1.14, with RSI failing to confirm the high set on the 7th of May (1.1390). Bulls are attempting to carve a higher low above 1.1095 but chart pattern looks suspiciously like the start of a Head and Shoulders topping pattern. We are looking for a right shoulder around 1.13 and will short against the head if this eventuates.
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