EURUSD Builds Potential Inverted Head and Shoulders

The Euro-Dollar pair has been ranging previously. Due to recent tensions between the United States and Russia, involving member states from Europe, this pair has increased its price range in recent weeks. While doing so, the pair has begun to build an inverted head and shoulders pattern with the following prices:

  • Neck line: 1.14607
  • Left Shoulder: 1.12665

A right shoulder is yet to be seen.