The US dollar is really powerful and it is not showing any mercy. As it can be inferred from the H8 timeframe chart, a massive bearish candle was printed earlier today, which nicely rejected the area of Weekly resistance. Going deeper into it, it can be noticed that a Head and Shoulders pattern is being formed. We are patiently waiting for the right shoulder to be formed, before we can open Sell positions and aim for the area identified on the illustration