EUR/USD -8/2/2021-
• Head and shoulders on daily chart
• Bearish pattern
• Neckline was broken with confirmation at 1.20500
• Pair is testing the neckline
• After testing, continuation downside with first target 1.19000 followed by 1.17500
• Bearish pattern
• Neckline was broken with confirmation at 1.20500
• Pair is testing the neckline
• After testing, continuation downside with first target 1.19000 followed by 1.17500
Ramzi Abou Abdallah, CFTe, CMT
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