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Head and Shoulders on EUR/USD


Hello traders,

Our analysts spotted for you one of the strongest bearish chart patterns. The Head And Shoulder Pattern is a bearish pattern or in other words, predicts a downtrend.
How does the head and shoulders pattern look like?


Head and shoulders forex



















Now let's look at what we have on the EUR/USD:


EUR/USD













EUR/USD can reach to 1.1430-1.1310. 

Follow up update - Going down…