$EURGBP Daily Head and Shoulder Pattern

Monday, January 30, 20170 comments

We are currently on the left shoulder headed down towards 0.382 Fib level. Break of 0.236 fib level indicates a larger move down to complete left shoulder. The 0.236 Fib level, which was previously support, now looks like a great resistance area. First target is indicated by red highlighted area.

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