EURUSD INVERTED HEAD AND SHOULDERS

This pair is Testing Resistance which lies on the 50% mark on the Fibonacci Retracement Tool.

1.31000 is a common support area and has been previously rejected

we have thus seen a Inverted HEAD & SHOULDERS formation

I foresee further gains in the EURO.

Entry at 1.14500

Stop Loss at 1.13650

Take Profit at 1.16000