Technicals: Sell Head & Shoulders breakdown on EUR/USD

1-hour chart


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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