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.
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