tootall1806

tootall1806 Updated 

I've been watching this pair continue to form a beautiful head and shoulders pattern on the daily chart. If this pattern continues and is confirmed, you could expect a maximum target of 0.7600. If this pattern is completed and confirmed, you could also expect to see the EUR/USD head to new lows and also see the GBP/USD move closer to pre-Brexit levels.

tootall1806

I believe that the bullish trend that started at the beginning of 2017 was just a ABC correction of the overall bearish trend. If the EUR/GBP completes its H&S pattern, this outcome for EUR/USD is extremely possible. the 5th wave target is a bold one at 1.0160.

tootall1806

Should atleast test the pivot at 1.05500. bounce some them head down to test the low.

tootall1806

possible good short opportunity.