Technicals: Sell Head & Shoulders breakdown on EUR/USD

1-hour chart

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Pair attempting to cut through the neckline support, likely that it would as the reversal pattern is perfectly positioned at the top of the rally from January low of 1.0341. A 50-pip drop to 1.1350-1.1340 could be seen. We also see a bearish price RSI divergence here as well as on the 4-hour chart.

Sell the hourly close below 1.1397, Objective 1.1350-1.1340, Stops above 1.1415

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