tradingwithyg
Short

EURUSD - Weekly Update

FOREXCOM:EURUSD   Euro / U.S. Dollar
Recent price action: Bearish
Pattern: Potential head and shoulders
Long-term momentum: Bearish
Short-term momentum: Bearish
Bias: Short
Action: Once price finds resistance consider entering short trade. Ideally, wait until price breaks trend support and weekly support.
Comments: Closely correlated with DXY index. Price is forming an inverse head and shoulders . If the pattern completes there I expect EURUSD to follow.
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