On the 4 hour timeframe, the EURUSD is forming a head and shoulder pattern, meaning that it is indicating a further downward trend sentiment. If that is the case, expect good selling to continue for EURUSD
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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.