We're looking at a potential completion of a Head & Shoulders reversal pattern on the EURUSD Daily. What I will be looking at is a break and retest of the neckline which coincides with a support area of 1.20600. Targets - I will be looking to a push up to the 1.21900 resistance level.
Positive acceleration in price action today breaking the neckline of this head and shoulders pattern. Will be looking at a pullback into structure to confirm before looking at entry reasons to get long.
Good Luck Traders