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24.10.2018 11:59 AM
EUR/USD analysis for October 24, 2018

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Recently, the EUR/USD pair has been trading downwards. The price tested the level of 1.1406. According to the H4 time – frame, I found the confirmed breakout of the head and shoulders pattern in the background, which is a sign that sellers are in control and that buying looks risky. I also found successful re-test of the neckline, which is another sign of weakness. My advice is to consider selling opportunities. The projected target is set at the price of 1.1305.

Summary
Urgency
Analytic
Petar Jacimovic
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