Short : This is a weekly line chart of EURUSD. A line chart like this ignores the noise and price spikes that we often see in candlesticks and bar charts. There is a potential Head and Shoulders bearish reversal pattern forming right now and it’s neckline is around 1.174. There is a possibility that if EURUSD were to break below the current Head and shoulders neckline, there would not be any meaningful support until 1.145.