Sid Thapar Blog | EURUSD PAIR - DOWNTREND | Talkmarkets
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I'm a qualified Financial Planner (CFP) accredited by FPSB India.

I have total work experience of 14 years in Financial Industry. Worked with Broking firms/ Mutual Funds/Banks brands like Bajaj Capital / ICICI Prudential / JM Financial / HDFC Bank Ltd. Along with Financial ... more


Date: Friday, November 3, 2017 7:18 PM EST

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.

"EURUSD Head & Shoulder PatternTrade Opportunity - Short"

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