EURUSD has risen since the beginning of trading day trying to exceed levels of 1.17
The pair has risen since the beginning of trading day trying to test the neck line at 1.1690, and as prices still below this level
The pair stabilized below the neck line of head and shoulders pattern
The pair tried more than once to climb higher than the resistance
The pair tried more than once to climb higher than the resistance level
The pair has failed to exceed a resistance level at 1.1668m we expect prices to continue falling targeting 1.1575 then 1.1460
The pair has stabilized below the neckline, below 1.1668, and we expect the pair to continue falling to 1.1480
On the daily chart, we can notice a head and shoulders pattern is forming, it would be completed by breaking the support level
The pair is heading currently for testing a support level at 1.1668, which is represents the neckline of a head and shoulders pattern on daily chart, if prices managed to break this level, we expect continuing declining targeting 1.1480 then 1.13. the pattern would be cancelled with exceeding the right shoulder at a resistance level 1.1826.
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