EUR/USD Daily Time frame Chart

Market news

30 October 2017

EUR/USD Daily Time frame Chart

Last week we witnessed a strong devaluation of the euro against the dollar due in large part thanks to the speech of Mario Draghi.

This devaluation led to the confirmation of the chart pattern "Head and shoulders" (as we can see in the chart).

Our suggestion is for short entries in the immediate or wait for the correction to finish entering.

Stop loss above the neckline and targets near to $ 1,145.

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