mikestarch01

EUR/USD - Head and Shoulders with strong RSI divergence.

Short
FX:EURUSD   Euro / U.S. Dollar
Clear Head and Shoulders pattern alongside a strong RSI divergence, I believe this currency pair will have a reversal. Comment what you predict below!

Comments

Well the EUROUSD is now allready in a down trend. from the 09-11 top near 1.21. The divergence was the uptrend last week but that stopped at the shoulder top 1.1875....expecting it will finish the pattern at 1.171.....but there is always a chance that it will reverse.
Reply
also, there is a clean head and shoulders pattern within the head of this head and shoulders. with that said, price is now re-testing the neckline of the smaller head and shoulders.
good analasis mikestarch01
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out