Nomadetrader

EUR/USD - IN THE LONG TERM - WEEKLY CHART

Short
FX:EURUSD   Euro / U.S. Dollar
Hi guys!!
As you can see EURUSD is in a down trend channel and right now is forming a head and shoulders , almost breaking bellow.
The red rectangle show a very strong support zone , where if you look at the daily chart you will see 3 engulfing pattern there.
If it breaks bellow the head and shoulder I think will have a exponential run down.

Just my thoughts!

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