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laurent53

EURUSD is reintegrating its Head & Shoulders neckline

Euro / Dollar Américain (FX:EURUSD)  
laurent53  
FX:EURUSD   Euro / Dollar Américain
Chart Patterns Head and Shoulders
4
0
chartpattern headandshoulders
That means that the reversal pattern is now in danger. The euro is otherwise petty strong vs. GBP and JPY so there is a possibility that the pattern will be soon negated. If the price breaks above the SSB and the top of the left shoulder @ 1.1878, then it will probably go to 1.20 and even beyond. I would not buy for the time being. The price is too close to resistance and the pair is in the midst of a broader consolidation. I keep looking and wait...
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