EUR/USD ( Daily Chart) - Long-Term Bearishness
This pair is nearing a major trendline, which could provide some support from its recent bearish price action.
However, if we zoom out, we will see that over the past 2-3 months, it broke the neckline of a huge bearish head-and-shoulders pattern which spanned more than a year, signalling a very bearish outlook ahead.
As such, it would make more sense to look for shorting opportunities going forward.
However, if we zoom out, we will see that over the past 2-3 months, it broke the neckline of a huge bearish head-and-shoulders pattern which spanned more than a year, signalling a very bearish outlook ahead.
As such, it would make more sense to look for shorting opportunities going forward.
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