Head and shoulders? The EUR/USD is held under the 1.30 level, finding resistance at 1.2967. In the 1H chart, it looks like a head and shoulders pattern is developing. In it of itself, yes – there is a couple of shoulders and a head with the neckline near 1.2880. However, in the real sense of what head and shoulders pattern is suppose to represent – a topping pattern – this is not the case. Ranging: Instead EUR/USD is just choppy and ranging, actually with a slight and very short-term bullish momentum bias. The 1H RSI reading tagged 70, and has so far remained above 40. Returning the 1H RSI above 60 would be a sign of ... (full story)