Shorting EUR idea. H&S pattern in play.

13 Des 2013

1.3740 level proved to be support for the bulls. If the level finally takes, we'll get H&S pattern confirmed and we might see further decline to the next area of support around 1.67 level which happens to be 50% Fib retracement of the recent move up and potential measured target from the H&S pattern. Coming sell signal on Stoch RSI supports the idea too.