laneyforex
Short

EURUSD HOURLY SHORT

OANDA:EURUSD   Euro / U.S. Dollar
From the last article posted about EURUSD . Hourly price seems to be forming a head and shoulders with the right shoulder having formed a double top right on the 50% bearish fib with a descending trend line acting as resistance. Only putting in a small stop loss as price could still go long as stated in the last article. Intraday target will be the duplication of the head and shoulders which lines up nicely with the 4 hourly ascending trend line . If price reaches the -27% bearish hourly fib level then we could possible see some reaction around this area and price could possibly go and retest the neckline before dropping further...

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