EURUSD - UPTREND OVER
We have seen earlier that EURUSD pair was in an uptrend from a low of 1.0492 to the high of 1.2094. The uptrend finally comes to an end with the clear Head & Shoulder pattern at the Top. Price has closed below the neckline of 1.1665 and confirms the downtrend for short term.
As per Head & Shoulder Pattern, Target comes to 1.1235-45 levels.
I have taken 2 lows for Fibonacci retracements to see the area of confluence and it also coming around 1.315-1.290 levels.
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Trade Opportunity - Short"
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