EURUSD - ARE WE IN FRONT OF A HEAD AND SHOULDERS?
Euro dollar on a daily frame evolve in a key moment with head and shoulders in progress with the neckline touched but we have to wait the close to confirm the failure. This neckline coincides with a strong support polarity in this zone and 2 fibo clusters (Fibo 23.6% from 1.08-235 and key fibo 50% from 1.16 to 1.235).
In case of clear failure the figure could give us a short targnet an objective of 2% as potential downside equivalent to 1.175 area. Othewise if EuroDollar manage to protect this key area then a return of 1.21 could be in place.
In case of clear failure the figure could give us a short targnet an objective of 2% as potential downside equivalent to 1.175 area. Othewise if EuroDollar manage to protect this key area then a return of 1.21 could be in place.