The Inverse Head and Shoulders
scenario came to fruition as after EURUSD
got rejected at 1.17310, it reversed, tested and crossed the 1.15531 Rectangle's support. After it makes a Lower High near 1.1590, the 4H Channel Down ( RSI
= 43.992, Highs/Lows = -0.0012) will aim at the 1.1510 1D support. If crossed then we should be looking at a first quick 1D gap fill to 1.1390. At the moment we are short, TP = 1.1450.