The Head & Shoulders reversal formation was activated at the EURUSD exchange rate. The price will move in the extensions of 161.8% to 200%, which means that Euro is going to fall and Dollar will be decreased. One scenario is that the increase on the dollar will discount the short-term rise in interest rates.
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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.