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Forex trading: Head and Shoulder in the EURGBP? Not so fast.

Discussion in 'Education, Tutorials & Courses' started by ForexLive, Sep 20, 2016.

  1. ForexLive

    ForexLive Forum Member

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    There is a long way to go and not all pan out The EURGBP moved higher today and in the process it looks like the pair is forming the right shoulder of a head and shoulders formation. If you blur your eyes enough, i can see it too The price moves lower from here, breaks the neckline way down at 0.8357, and targets a level equal to the distance from the neckline to the top of the head.

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