EUR/USD tumbles once more
EUR/USD is working out very well, with the 76.4% resistance marking the top of the market this week, where this morning has seen the creation of a head and shoulders pattern.
The neckline, around $1.1194 could now form new resistance should we see any bounce. However, it looks likely that we will see any rally sold into. This bearish sentiment remains unless we see an hourly close above $1.1226.