EUR/USD – D1 – Head and Shoulders

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EUR/USD - Head and Shoulders

EUR/USD D1 31 Oct 2017


Current price: 1.1630

  • EUR/USD Looks Bearish below 1.1860
  • Classic Head And Shoulders on Daily Chart was formed. Neck line @ 1.1700 was broken.
  • ECB will reduce monthly purchases from the current €60 billion ($70.6 billion) to €30 billion ($35.3 billion) and will extend those purchases to “the end of September 2018, or beyond, if necessary”. As expected on ECB minutes on October 26, EUR bulls didn’t get an extra trigger.
  • Upcoming election of new Head of U.S. Federal Reserve.
  • U.S. Dollar Index looks bullish.

About Author

Hi, Friend! My name is Gran Layson. I am an experienced currency and stock trader from Europe. If you want something to be done well, do it yourself, therefore often I feel myself as “Swiss Army Knife Man”. I am the Intomillion’s website administrator, developer ... read more

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