20180812 – EUR/USD Head and Shoulders Formation – risk of further downside
On Friday the EURUSD has broken down through the neckline of a Head+Shoulders Formation.
This shows the Euro-Weakness in the market. From the chart technical viewpoint this also opens up the possibility of a bigger move into the 1.10 to 1.05 area.
A move above 1.15 would make the scenario obsolete.
Lets see what volatility politics and central banks will add to this scenario.