Head and shoulders pattern on EUR/GBP

EURGBP

It looks like the rate may currently be working on a large head and shoulders pattern. We'll have to wait and see, how it reacts with the neckline at 0.8300, and even if it can get there as we have couple of important rising trendlines in the way. If we see a break below the dotted one, below 0.8460 I’d say we have a pretty good chance we'll see the test of the neckline in the coming weeks.

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