EUR/USD has finally formed a S/H/S top and broken below the uptrend since Mid-May 2020 indicating a correction towards the 1.1617 - 1.1717 target-area from where a new rally higher could be seen. As long as key-resistance at 1.2205 (the top of the right shoulder) is able to cap the upside, the pressure remains to the downside. A break back above the key-resistance at 1.2205 will re-ignite the uptrend from May 2020 towards the next major resistance at 1.2854.
Remember the trend and patience are your friends
