Technical and Fundamental factors
EURUSD has been falling after the head & shoulder pattern formed two weeks ago. Last week, even a disappointing NFP report from USA did not help this pair rally, but rather it looks set to fall much further, to fulfill the anticipated move of the head & shoulder. A dovish Draghi also helps this move.
![](https://www.ilovetrading.me/wp-content/uploads/2017/11/EURUSDmWeekly6nov2017.png)
Trading preference
The idea is to sell the pair when it breaks below the close of the last week’s candle. The target could be around 1.30 level. But a bounce up from there could again send the pair higher later.