EUR/USD, DAILY CHART, HEAD AND SHOULDERS BOTTOM APPEARS AFTER MEDIUM UPWARD TREND, BUT IN SUCH A CASE THIS PATTERN ACTS AS A REVERSAL NOT A CONTINUATION PATTERN , BECAUSE THERE IS A DESCENDING SHORT TERM TREND LEADS TO THE PATTERN
PRIOR SETUP WAS CONFIRMED WEN PRICE CLOSED ABOVE 1.1962 , SO IT MAY HITS 1.237
IF OVERHEAD RESISTANCE SWATS THE PAIRS DOWN , OUR FORECASTS INDICATE THAT IT WILL BE FORMING A COMPLEX HEAD AND SHOULDERS BOTTOM A SO CALLED ....NOTHING TO REVERSE
