EURUSD is sitting on a major Head&Shoulder pattern that begin forming from September last year when we develop the left shoulder (see fig.1) and continue to develop throughout this year. Currently everything is set in place for a major breakout to the downside and a break of the H&S's neckline which is the final confirmation that we have a genuine pattern. In figure 1 we can also see that the 1.37 swing high price structure took a shape of an minor H&S pattern which in itself resemble the bigger…
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