With the Head and Shoulders pattern clearly making itself known, the signal to sell will be clear after price hits and respects the 1.19500 to 1.21000 zone as resistance, just like the left shoulder did. For now price and future of this pair is bullish and from there on out we will be looking to ride the price down.
Long term New developments in EUR/USD show a forming 3 prong head and shoulders, crown, ghost pattern or whatever you'd like to call it. If the formation plays out, which is looking very likely, statistics say the move back down should be equivalent to the move up. Because of this formation, long-term, I believe it is likely EUR/USD has room to move down to the...
