EURUSD – Reverse Head and Shoulders forming at confluence area

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Monthly: Trading within a bearish channel formation. Trend line resistance is seen at 1.2320. Levels close to the 38.2% pullback level of 1.2522 (from 1.6038-1.0349) found sellers. The move lower is mixed and volatile, common in corrective formations. Weekly: The break to the downside has reached the 61.8% pullback level (from 1.0340 – 1.2550). A common corrective support. Daily: Mix...

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