neck line of a Head & Shoulders top. This suggest a top is in place and a
potential move down towards 1.1250 is possible. We have also closed below the 100 day
moving average for the first time since April.
Thursday, 26 October 2017
Thinking aloud - Head & Shoulders top in play in EUR/USD
Below is the Daily EUR/USD chart and it clearly shows us breaking below the
neck line of a Head & Shoulders top. This suggest a top is in place and a
potential move down towards 1.1250 is possible. We have also closed below the 100 day
moving average for the first time since April.
neck line of a Head & Shoulders top. This suggest a top is in place and a
potential move down towards 1.1250 is possible. We have also closed below the 100 day
moving average for the first time since April.
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