EURUSD Potential Head And Shoulders Pattern Formation
Left shoulder and the head of the pattern has been completed. As seen on the chart, the right shoulder is ibeing formed.
We predict the pair will test 1.16100 – 1.16250 and turn south.
The Neckline of the pattern is located at 1.15300.
Area of the Entry: 1.16100 – 1.16250
Stop Loss: Above 1.16600
Break below the target – 1.15300 Neckline – will trigger the bearish move.
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DISCLAIMER: This is a technical analysis study, not an advice or recommendation to invest money
EURUSD Potential Head And Shoulders Pattern Formation: Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these securities. You should do your own thorough research before making any investment decisions. Chartreaderpro does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Forex involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility