EURUSD H1: The Head and Shoulders pattern indicates a change in market sentiment

In the current timeframe, there is a decrease in the selling interest. This may lead to the reversal of EURUSD.
A classic Head and Shoulders pattern emerged on the chart. The neckline in green has been apparently pierced, confirming the completion of this reversal pattern. This is an important signal indicating a potential price increase. It is important to be vigilant for possible retesting of the Neckline, which often occurs as this pattern develops.
The chart shows, that it might be strategically more profitable to open long positions in EURUSD.
📌 Entry: 1.1640
✔️ First target: 1.1695
✔️ Second target: 1.1710
❌ Stop order: 1.1594