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Head and Shoulders
was formed on 06.06 at 14:30:02 (UTC+0)
signal strength 3 of 5

Head and Shoulders EURUSD M30

According to the chart of M30, EURUSD formed the Head and Shoulders pattern. The Head’s top is set at 1.1494 while the median line of the Neck is found at 1.1404/1.1410. The formation of the Head and Shoulders pattern evidently signals a reversal of the upward trend. In other words, in case the scenario comes true, the price of EURUSD will go towards 1.1380.

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