TyroneHarrison
Short

EUR/USD head and shoulders pattern

FX:EURUSD   Euro / U.S. Dollar
I can see a short term head a shoulders pattern forming/formed, unless i see a break and close above the 1.18750 level. I think the euro will pull back to the 1.16250 level where the 100 period moving average sits. The rally has been extended over the entire year and a pullback to that level will be healthy, long term however I see a target of 1.2500. Both 50/100 SMA's are starting to level out showing signs the buyers losing control.
Home Stock Screener Forex Screener Crypto Screener Economic Calendar Shows How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Help Center Refer a friend Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out