Euro / U.S. DollarShort
EURUSD Bearish Outlook
After this pair made a very impulsive up move, it formed a head and shoulders pattern giving a hint for the top of the price. Now, price broke out to the downside and pulled back up and is looking to retest the neckline which coincides with the 61.80% Fibonacci retracement level.
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Disclaimer
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.