Eurusd short

Oct 3, 2020

If you take a look at EU on the smaller time frames you will notice a head and shoulders pattern that is playing out quite well. Right now the head and shoulders pattern looks to be retesting the neckline as the markets came to a close. On our higher time frames you’ll notice the daily candle has broken the low of the previous candle. On top of all that its at a retest level as well as a 61.8 fib level that so far is being respected. I believe if the next daily candle rides down to break the current 1D candle we should see a huge sell off.