EURUSD, H-S-Formation Completed, Increased Drop Incoming!
Hello,
Welcome to this analysis about EURUSD and the 2-day timeframe perspectives. EURUSD in recent times as I discovered has formed a massive formation that is indicating bearish dynamic volatility developments to emerge within the upcoming times. In this case, we should consider that the formation here is mainly completed and that a high possibility is given for the continuations to accelerate within the near future. Therefore, as when looking at my chart we can watch there how EURUSD has formed this massive paramount head-and-shoulder-formation with all the elements already completed reaching from the left shoulder to the head till the right shoulder. The fact that EURUSD now formed the pullback below the neckline was the first technical confirmation and now EURUSD has formed this major bear-flag-formation below the neckline which is marking the appropriate confirmation-formation of this whole pattern. Therefore as EURUSD now also already penetrates the lower boundary matching with the 200-EMA we should expect the bearish breakout to happen within the next times, when this happens and EURUSD marks below the lower boundary of the flag it will be the source of bearish pressure continuations and EURUSD will move on to the initial target-zone marked in my chart in blue at the 1.135 level, it has to be shown then how EURUSD reacts into this zone because when the bearish pressure increases exorbitantly this will be the origin for the further bearish continuations which will develop in the bearish-continuation-zone marked in red in my chart.
In this manner, thank you for watching the analysis, it will be great when you support it with a like, follow and comment for more upcoming market analysis, all the best!
Information provided is only educational and should not be used to take action in the markets.
Welcome to this analysis about EURUSD and the 2-day timeframe perspectives. EURUSD in recent times as I discovered has formed a massive formation that is indicating bearish dynamic volatility developments to emerge within the upcoming times. In this case, we should consider that the formation here is mainly completed and that a high possibility is given for the continuations to accelerate within the near future. Therefore, as when looking at my chart we can watch there how EURUSD has formed this massive paramount head-and-shoulder-formation with all the elements already completed reaching from the left shoulder to the head till the right shoulder. The fact that EURUSD now formed the pullback below the neckline was the first technical confirmation and now EURUSD has formed this major bear-flag-formation below the neckline which is marking the appropriate confirmation-formation of this whole pattern. Therefore as EURUSD now also already penetrates the lower boundary matching with the 200-EMA we should expect the bearish breakout to happen within the next times, when this happens and EURUSD marks below the lower boundary of the flag it will be the source of bearish pressure continuations and EURUSD will move on to the initial target-zone marked in my chart in blue at the 1.135 level, it has to be shown then how EURUSD reacts into this zone because when the bearish pressure increases exorbitantly this will be the origin for the further bearish continuations which will develop in the bearish-continuation-zone marked in red in my chart.
In this manner, thank you for watching the analysis, it will be great when you support it with a like, follow and comment for more upcoming market analysis, all the best!
Information provided is only educational and should not be used to take action in the markets.
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EURUSD since accelerating the bearish momentum below the boundaries continued to reach all of the projected bearish target zones.