EUR/USD – Potential Head & Shoulder on daily chart

13 ก.ย. 2016

Despite the bullish break from falling channel on the daily chart, the subsequent repeated failure to extend gains above 1.1270-1.13 suggests prices could complete head and shoulder formation by retreating to the neckline support around 1.1164 levels.

The daily RSI too could end up with a head and shoulder formation of its own.