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  • I'm not usually big with head and shoulders patterns but there are conflicting signals in $USD atm. 1st chart here is on h4 and it's a h&s with neckline ~ 90. 2nd chart is on h8, and its an inverse h&s with neckline ~ 91. Given calendar, a break this week can def happen. https://t.co/EuuD7kFDVP
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EUR/USD Trades Near Potentially Major Support

EUR/USD Trades Near Potentially Major Support

Jamie Saettele, CMT, Sr. Technical Strategist

Daily

EUR/USD Trades Near Potentially Major Support

Chart Prepared by Jamie Saettele, CMT

DailyFX Trading Guides and Forecasts

-The most recent EUR/USD comments noted that “EUR/USD failed to hold ‘the line’ and the suggestion is that the breakout has failed. Watch for support just below 1.1100 towards the end of the month. Have a plan! (see other traits of successful traders).” It’s the last day of the month and EUR/USD is trading near 1.1100. Major support may be just below the market. Watch for an SSI flip to signal a behavior change as well.

For more analysis and trade setups (exact entry and exit), visit SB Trade Desk

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