An emerging clear EURUSD ABCD pattern showing on the 15 minute chart. Looking to go long here and close our trade near point D, followed by a sell as part of the daily completed head and shoulder pattern on the daily chart.
Analysing the EURUSD DAILY chart shows a balanced head and shoulder pattern. From a technical ONLY perspective we should expect more bears than bulls, pushing the currency pair down to a minimum level of 1.1500. Keep a close eye as this head and shoulders formation creates a downward trend throughout the month for the pair.
