EURUSD Short-term View

Green lines for short term view, Red lines for long term view discussed in an earlier analysis. Check it out. Price is heading recent lows around 1.1 which is the target for the head and shoulders pattern. The price might then move down to the monthly support as there is a breakout on a rising wedge. If the target is hit then the monthly triangle will be broken and if price retests and the support holds as resistance then we will look to hit 18-year lows.

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I will be selling on all bearish candlesticks on the 4-hour candlestick patterns. Happy trading Guys.