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EURUSD BEARISH BIAS 20.10.04

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#EUR/USD# EURUSD BEARISH BIAS 20.10.04

Head and Shoulders or Double Top
Potential of these two Bearish patterns coming up.

Confirmation on the Fibonacci will be supported
by price breaking through 1.17000/1.16900
Selling only if price breaks solid
below 1.16900, exit at 1.16449

Bearish Bias is wrong if price breaks
solid (not wick) above 1.17550/1.17600
Bullish Rectangle / Bullish Pennant continuation pattern will form.

This post does not provide financial advice. It is to provide and contribute my trading ideas.
Trade with courage and caution.
May the pips be in your favor.

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As the price is pulling back from the channel's resistance and the bounce is likely to follow from Support/Resistance zone!
Price for EURUSD is back to test the major resistance level which also coincides with the trendline
Economic activity has passed through the trough. The upward path to the previous level is still long and fraught with uncertainties.

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