EURUSD short 1H

16 giu 2020

Bringing back the old EURUSD analysis from a couple days ago, the right shoulder was formed and looks to be dropping on the 30m-1h-4h scale; 0.618 retracement would be ideal but 0.382 and 0.5 are more than likely to be hit.

If the chart does not drop below the neckline, assume a long position as the H&S pattern would be broken.