Yesterday’s move lower begins to confirm that the 1.3820 pivot is the top of a right shoulder from a larger h&s top. A break of 1.3705 neckline is needed to confirm the pattern and promote the lower targets between 1.3544 – 1.3444. S/t, a minor sideways correction is completing a bear flag; the target for this pattern is…1.3705. For today, 1.3780 is resistance, we expect the 1.3820 pivot high to contain any upward push. Support is 1.3755 and a move below clears a path to the critical 1.3705 neckline. Conviction: Med / High Trade: Short at 1.3791 (avg) ; sl 1.3955, tp 1.3315. Levels: Support – 1.3755, 1.3705, 1.3544 Resistance – 1.3780, 1.3820, 1.3876
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