Wed, Oct 05, 2022 @ 15:03 GMT
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EUR/USD Head And Shoulders?

EUR/USD decreased in the morning failing to reach and retest the median line (ml) of the ascending pitchfork. Price moves sideways on the short term and developed a Head and Shoulders pattern, but this is far from being confirmed. Only a valid breakdown below the 1.1711 horizontal support will signal a further drop. Support can be found at the median line (ML) of the major black ascending pitchfork, so only a valid breakdown below the ML and outside the ascending pitchfork’s body will confirm a larger drop.

MultiBank Exchange Group
MultiBank Exchange Grouphttp://www.mexgroup.com
Multibank Exchange Group (MEX Group) is a multinational financial derivatives dealer. Established in California in 2005, MEX has offices in several countries around the world, including the US, the UK, Australia and China. Mex Group is regulated by the Australian Securities and Investment Commission (ASIC) in Australia, the Ras al Khaimah Free Trade Zone (RAK) in the United Arab Emirates and the Financial Services Commission (FSC) in the British Virgin Islands.

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