Euro / Dollar AS

Potential H&S Pattern Emerging

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The Euro/Dollar is in a nice down trend although currently either the pair is in a correction phase or a bottom has bee found and a trend change is occurring.

Providing the dollar remains sidelined for the next week, I suspect by the time we get the next set of good US Data we may see the down trend remaining. My outlook will be to place a pending sell trade below the neckline.

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