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Euro / U.S. Dollar
Short

EURUSD Weekly respecting 200SMA, breakdown below

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EURUSD appears to have a large complex Head and Shoulders pattern on the weekly. However, the 200SMA appears to be acting as significant support throughout the head and shoulders pattern. A weekly break below the 200 SMA should provide a meaningful bearish breakdown to the EURUSD. As a long-term trend break, this would likely coincide with serious risk to distressed Euro-Zone countries.
jwammo12
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Head and ShouldersMoving AveragesSupport and Resistance

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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.
Head and ShouldersMoving AveragesSupport and Resistance
jwammo12
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

Disclaimer

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.