Against the backdrop of complications in the relations between the United States and Turkey, the single currency rate has weakened. The US dollar continues to take the form of a safe-haven currency.
On our chart we observe the formation of the head and shoulders pattern. Now the pair is aimed at the level of the neck, which we believe is at 1.1540. After this we expect the formation of the second shoulder.
The technical indicators point to sales; now the pair has approached the average MA (86).
Therefore, we advise you to look for points for entering short positions. Note that after reaching the neck level a second shoulder will be formed, from which you should search for entry points.
