EUR/USD Head and Shoulders

Yesterday’s break below 1.4640 formed a head and shoulders on the daily EUR/USD chart. The neckline is @ 1.4530 which is slightly above the strong support @1.4520. If the neckline is broken the measured target of the move is around 1.4100.

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This entry was posted on December 14th, 2007 and is filed under Forex Trading. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response or Trackback from your own site.