FXPhantom

Shorting EUR idea. H&S pattern in play.

Short
FX:EURUSD   Euro / U.S. Dollar
5
1.3740 level proved to be support for the bulls. If the level finally takes, we'll get H&S pattern confirmed and we might see further decline to the next area of support around 1.67 level which happens to be 50% Fib retracement of the recent move up and potential measured target from the H&S pattern. Coming sell signal on Stoch RSI supports the idea too.

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.