This is EURJPY Chart

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This is USDCAD Chart

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This is USDJPY Chart

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This is GBPUSD Chart

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This is AUDUSD Chart

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Head n Shoulder Pattern on EURUSD Daily Chart

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As you can see, we are in the 2nd wave, EURUSD retracement will stop around 1.3250 and then continue riding the third wave to 1.2040. Long term trend is down and look like we are having a Head and Shoulder forming, we are on the right shoulder now. 
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