Recently, the EUR/USD pair has been trading downwards. The price tested the level of 1.1406. According to the H4 time – frame, I found the confirmed breakout of the head and shoulders pattern in the background, which is a sign that sellers are in control and that buying looks risky. I also found successful re-test of the neckline, which is another sign of weakness. My advice is to consider selling opportunities. The projected target is set at the price of 1.1305.
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