Hi
We can see a Head and Shoulders pattern in the Euro Index char and it is a bearish sign to us. it gets confirmed if it breaks the Neck line on the support area of the chart so we can expect a bearish trend.
as we know the Dollar Index is in the bullish run so consequently the Euro Index shall drop down and continue its bearish run till the reverse happens in the trend.
please write us your ideas about it in the comment section
Regards
We can see a Head and Shoulders pattern in the Euro Index char and it is a bearish sign to us. it gets confirmed if it breaks the Neck line on the support area of the chart so we can expect a bearish trend.
as we know the Dollar Index is in the bullish run so consequently the Euro Index shall drop down and continue its bearish run till the reverse happens in the trend.
please write us your ideas about it in the comment section
Regards
Trade closed: target reached:
the pattern is completed
