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NJONGO_1

EURUSD INVERTED HEAD AND SHOULDERS

Long
Euro / U.S. Dollar (FX:EURUSD)  
NJONGO_1  
FX:EURUSD   Euro / U.S. Dollar
Trend Analysis Chart Patterns Beyond Technical Analysis
2
0
trendanalysis chartpattern beyondta
This pair is Testing Resistance which lies on the 50% mark on the Fibonacci Retracement Tool.

1.31000 is a common support area and has been previously rejected

we have thus seen a Inverted HEAD & SHOULDERS formation

I foresee further gains in the EURO.

Entry at 1.14500

Stop Loss at 1.13650

Take Profit at 1.16000
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