EURUSD - head and shoulder stands strong

18 Nis 2019

The head and shoulder pattern, has been forming for almost a year now! The pattern has seemed to form but the price seems to be stuck between the neckline of the pattern (red) and a resistance level (blue). There is only a matter of time before this pattern breaks through, if this pattern manages to break through the support level (red) the price could go as low as 1.08. I would be updating this idea over the next couple of weeks and keep everyone updated on my findings.