EUR/USD Analysis on Daily Timmeframe
Hello Traders todays chart is eur/usd with a potential bearish pattern forming. As you can see a head and shoulders formation has been identified . An accumulation of higher highs and higher lows was broken by forming new lower lows , after the bullish trend was broken as the blue arrow shows.
Now that the over extended lower low has been created i will now be waiting for the retracement / pull back to the neck line of the head and shoulders to complete the pattern for potential further downside.
Now that the over extended lower low has been created i will now be waiting for the retracement / pull back to the neck line of the head and shoulders to complete the pattern for potential further downside.
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.