nezyrinfx

Will EUR/USD Form a Head and Shoulder?

Short
FX:EURUSD   Euro / U.S. Dollar
EURO showing bullish signs.

Scenario:

1) If it makes a reversal from here & breaks the neckline, the H & S pattern is most likely to be invalid.

2) If it makes climb towards 1.2075 and makes a sharp drop and breaks the neckline, we will be able to see a valid H & S pattern and expect to be heading towards 1.0600.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.