EURUSD 1H: H&S on the TableEuro/US DollarFX:EURUSDHenrybillionEURUSD 1H: H&S on the Table, But the Neckline Break Is the Only Trigger That Matters EURUSD is shaping a clean Head & Shoulders narrative on the 1H chart, but at this stage it’s still a “potential” pattern until the market proves it with a neckline breakdown. Price is currently rotating under a defined resistance band while the right shoulder prints as a lower high, keeping bearish pressure active. Market Structure Read Left shoulder → Head → Right shoulder structure is visually aligned. The right shoulder is forming below prior highs, suggesting weaker demand into resistance. The chart is still ranging, so confirmation must come from the support floor giving way. Key Levels (Support & Resistance) Resistance (Sell-side interest) 1.1815–1.1835: current supply/reaction area and right-shoulder region 1.1840+ (Strong high area): major cap; a reclaim weakens the bearish idea Neckline / Support (Decision zone) ~1.1780 demand band (blue zone): this is the H&S neckline area ~1.1750 weak low: next magnet if the neckline breaks cleanly Trade Scenarios Scenario A: Bearish Confirmation (High probability) Trigger: clean 1H close below ~1.1780 Entry style: break + retest failure (support flips to resistance) Targets: 1.1750 first, then lower if momentum expands Scenario B: Pattern Fails (Invalidation) Trigger: price breaks and holds above the right-shoulder high / resistance This would weaken the H&S and shift focus back to range continuation or upside expansion.