A text book head and shoulders formation has set up on the 1 hour chart in eur/usd. The neckline stands at 1.4110. A breakdown there would target 1.3850 zone. The move could happen on a dovish commentary from Trichet who might insist on strong euro being bad for the euro zone.
EUR/USD 1 hour chart head and shoulders
Source: www.forexvideostudio.com
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