Today EURUSD is in specific situation. As we already know Head and Shoulders is a reversal pattern and is spotted in uptrend. The higher the TF is the stronger the pattern is. This is a specific situation. What you think?

EURUSD indeed has been good for shorting last 2 days at the top of the right shoulder and the price went to 3324. The problem lies that that is not the true strength of the pattern as NECKLINE needs to be broken prior to heavy selling, not the shoulder itself. Now there is a mini channel formed around right shoulder which gives me a conclusion: While EURUSD is capped below 3380, targets are 3350 and 3325. If 3325 is broken 3275-3260 is the target. Do you agree with me?



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