With the ECB introducing more easing, the Euro has broken down against the dollar, and it appears that the large Head and Shoulders pattern that has been on the weekly chart is ready to resolve to the downside with a first target of 1.10, and then a gap fill lower in the 1.07s area. This pairs with a breakout of the dollar against multiple currencies
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Software Engineer and FX, Options, Crypto Trader. Previously worked at large options market maker. If you like my scripts and would like to donate: Bitcoin: 179ETrGo3FCVcnBV8i1uc4J8YHFRknYytz Eth: 0x73d59A8214FD70053aF37E9700692e25de441245
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.