Analysis by Forex Royals
Currency: EUR/USD.
Trend Expected Direction: Down.
Method: Head and Shoulders .
Description: We can notice that a Head and Shoulders Pattern is formed for the EUR/USD. We can also notice that the distance from the Head to the Neck is about 100 PIPS. More downtrend is expected to reach at least 1.3100 which is above the original TP 1.3080.
Action: Best action is to sell under the Neck line.
Target Area: first target 1.3100 , second target 1.3080.
Stop Loss:
