EUR/USD decreased in the morning failing to reach and retest the median line (ml) of the ascending pitchfork. Price moves sideways on the short term and developed a Head and Shoulders pattern, but this is far from being confirmed. Only a valid breakdown below the 1.1711 horizontal support will signal a further drop. Support can be found at the median line (ML) of the major black ascending pitchfork, so only a valid breakdown below the ML and outside the ascending pitchfork’s body will confirm a larger drop.
