profpratik2106

EUR USD Head&Shoulders Breakdown

Short
FX:EURUSD   Euro / U.S. Dollar
The Forex major has finally broke down the textbook h&s shoulder and also broke and retested 200 EMA . Also took rejection on Fib level of 38.20. Further fall can be seen in EURUSD . Nearest support can be seen at 1.16100 which is also a Fib level of 61.80.
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.