EURUSD Weekly Head & Shoulders Targets 1.09

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EURUSD Weekly Head & Shoulders Targets 1.09Euro vs US DollarICMARKETS:EURUSDCryptsyxaltA clear head-and-shoulders structure forming on the weekly timeframe of the EURUSD chart, signalling the potential for a retracement in the overall uptrend. Price is testing the descending neckline around the 1.14–1.15 region. A confirmed weekly breakdown and continued acceptance below this area would validate the pattern and support a measured move toward approximately 1.09. The setup aligns with the potential short-term bullish retracement developing on DXY. A recovery in the dollar could add pressure to EURUSD and help drive the projected decline. A sustained move back above the right shoulder would weaken the bearish structure.