Head and Shoulder Pattern formed on EURUSD

EURUSD Technical Pattern Analysis

EURUSD has moved up continuously without much retracement.

Now, EURUSD struggles to move up and it forms a Head and Shoulder Pattern in 4-hour chart.

We can expect a fall on EURUSD for making a correction.

During this correction, Profit booking carried out by the buyers of EURUSD.

This is the reason EURUSD have chances to fall down technically for making retracement.


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