The above picture shows the bearish USD picture. The dominating formation is the Shoulder/Head/Shoulder top, which was triggered in late September 2010. The target for this formation is around 71.41. The back-testing of the S/H/S neckline produced a double-top with a target around 76.20.For EUR/USD the targets will be around 141.48 for the double-bottom and 148.60 for the Inverted S/H/S bottom.
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