The market has been a little wild this week, and I haven't been inspired to make many trades, certainly not on my live account. I've noticed the big jumps in the EURUSD and wondering what was happening.
Now that the week is nearly over, it's fairly clear what was happening with EURUSD - we have this beautiful head and shoulders pattern.
(60 minute EURUSD chart with head & shoulders pattern highlighted)
If prices can close beneath the blue line, they should keep going down. But as usual, it's Forex, so anything could happen.
