RatioForex

EURUSD Head & Shoulders BreakDown

FX:EURUSD   Euro Fx/U.S. Dollar
441 0 4
With the recent development on daily chart on EURUSD             , This pair broke head & shoulders with the support level coming in at 1.0800 , which should be resistance now. So with that said as long as the market trades below 1.0800 downside risk is much more evident targeting the next significant support level 1.0500.
Only a break above 1.0800 and sustained close above that will turn the bias to the upside, until then the risk is said to be on the downside.
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out