On the technical analysis chart, the head and shoulders formation occurs when a market trend is in the process of reversal either from a bullish or bearish trend; a characteristic pattern takes shape
Up Trend Channel Break:
An uptrend channel typically consists of a series of higher highs and higher lows, forming a channel on a price chart.
If the EURUSD has broken below the lower trendline of the channel, it suggests a potential change in trend direction.
Major Support at 1.0876:
Support levels are areas where the price has historically had difficulty...