EURUSD appears to have formed an inverse head and shoulders pattern on the 1H chart.
On the 4H time-frame the upper pink line still supports the downtrend momentum during the last week and if price breaks through the inverse head and shoulder pattern is valid.
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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.