EURUSD below 1.17 = downtrend?

FX:EURUSD   Euro / U.S. Dollar
51 0
As long as prices remained below 1.17, I believe EURUSD will start to trend lower. In addition, we could see that prices formed a head and shoulders in the daily chart .

However, if there is a daily close above 1.17, it will negate the H&S formation & 1.17 support turned resistance structure.
Home Stock Screener Forex Screener Crypto Screener Economic Calendar Shows 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 Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out