on a 4h chart the eurusd seems to form a head and shoulder pattern with neckline @ 1.081
Head price reached 1.105 a few days ago and touched the diagonal of the triangle formed between 1.49 and 1.054.
We have seen the euro rise the last days but I think it wont last for long.
Comments and discussions are welcomed !!!
Head price reached 1.105 a few days ago and touched the diagonal of the triangle formed between 1.49 and 1.054.
We have seen the euro rise the last days but I think it wont last for long.
Comments and discussions are welcomed !!!
Trade active
Euro trading below 1.08 neck line for the moment but still waiting for eurozone cpi to released in a few minutes. If the euro will sill be below 1.08 than the head and shoulder will be confirmed and heading down again.....
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.