EUR/USD
The Euro-United States dollar pair from its record high at 1.4940 has been corrected to the 1.3970 level. in this moment is negotiating on the price of 1.4030, the technical picture presents evidence that the euro – dollar pair could change direction and begin to move to the nearby resistance level of around 1.4310.
However, we have to look at the "Head and Shoulders" reverse pattern that opened at a downwards angle which suggests that the pair hasn't completed it’s downwards move. Because of this, a daily closure beneath the test level of 1.3975 will indicate the continuation of the negative momentum with the potential for new drops towards levels of 1.375 dollars to the euro.