Inverse Head and Shoulder
was formed on 21.07 at 22:00:23 (UTC+0)
signal strength 3 of 5
According to the chart of M30, EURGBP formed the Inverse Head and Shoulder pattern. The Head’s top is set at 0.9044 while the median line of the Neck is found at 0.9000/0.9034. The formation of the Inverse Head and Shoulder pattern evidently signals a reversal of the downward trend. In other words, in case the scenario comes true, the price of EURGBP will go towards 0.9074
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