Start Of A Head And Shoulders On EURUSD

EURUSD is showing the first signs of a possible head and shoulders pattern forming on the 4 hour charts, just below the 1.6 record high. The pair traded between a couple of parallel lines, one of them is connecting swing highs with what will be the neckline of this H&S pattern after it gets completed. EURUSD is showing the first signs of a possible head and shoulders pattern forming on the 4 hour charts, just below the 1.6 record high. The pair traded between a couple of parallel lines, one of them is connecting swing highs with what will be the neckline of this H&S pattern after it gets completed. The projected target of this pattern is close to the 1.56 round number area, about 180 points lower from the trigger line.
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