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H & S Pattern forming on Weekly and Daily Timeframe
EURUSD
, 1D
Short
EURUSD: H & S Pattern forming on Weekly and Daily Timeframe

EURUSD major trend has reversed sometime ago. On monthly time frame a clear descending trend line has been held on four separate occasions. Currently the Head and Shoulder pattern is nearly about to be complete and a breakout to the downside (neckline can be expected). However a strong resistance near 1.1500 holds the key to the progression of the pattern. A wedge...

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