According to current formation of channel in daily timeframe, pair should drop more to complete swing in the channel, after it hits lower line of channel , price could turn bullish to start new trend swing.
EURUSD Potential Bullish Divergence is on the way, if completed,the pair gonna be go way high towards green side of the market.
Potential target is on the follow up channel in the chart.
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As you can see in this chart price has completed head and shoulder pattern but at the same time price is soon reaching to strong resistance level which will result in huge sell off.
I believe price will hit to the half target of head and shoulder pattern then begin to fall.
In other words this pattern is going to be a trick to trap retail traders in long...
As you can see price has previously made lower high which could result in strong bullish divergence if price manage to break important area shown in the chart.
Conversely if price breaks down potential flag pattern , we will see another sell off.