EURUSD: Head & Shoulders - Wait For Confirmation Before Selling

Short

Euro / U.S. Dollar (OANDA:EURUSD)

OANDA:EURUSD Euro / U.S. Dollar

Trend Analysis Chart Patterns Beyond Technical Analysis

trendanalysis chartpattern beyondta

This is an update of the previous analysis. After the price completed the right shoulder of the pattern it is headed to the neckline. It looks like an aggressive move, however, we have to be careful about any pullback before the price drops again. The neckline it's a very critical point in this pattern.

Thank you and Good Luck!

Previous analysis:

EURUSD: An Ugly Pattern Of Head & Shoulders - SELL

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