# Potential Reversal on EUR/USD? (October 16, 2013) Source: https://www.tradersway.com/resources/market-info/potential-reversal-on-eur-usd-october-16-2013/ Language: en Updated: 2013-10-16 Description: Explore Potential Reversal on EUR/USD? (October 16, 2013). A. Trade Forex and CFDs on MT4 and MT5 with tight spreads, flexible leverage and fast funding. A complex head and shoulders pattern seems to be forming on EUR/USD’s 4-hour time frame, as the pair is testing the neckline around the 1.3500 handle. However, stochastic is in the oversold region, hinting at a possible short-term bounce. If the pair is unable to break past the recent highs though, it might suggest that buying pressure is very weak and that a strong selloff might be in the cards. ![Potential Reversal on EUR/USD? (October 16, 2013)] Waiting for a break of 1.3500 and setting a stop above 1.3600 for a short trade would be a 4:1 potential reward on risk with a target of the previous lows around 1.3100. *By Kate Curtis from Trader’s Way* ## Structured data JSON-LD as served in the HTML version of this page. ```json { "@context": "https://schema.org", "@graph": [ { "@type": "Article", "@id": "https://www.tradersway.com/resources/market-info/potential-reversal-on-eur-usd-october-16-2013/#primary", "url": "https://www.tradersway.com/resources/market-info/potential-reversal-on-eur-usd-october-16-2013/", "mainEntityOfPage": "https://www.tradersway.com/resources/market-info/potential-reversal-on-eur-usd-october-16-2013/", "headline": "Potential Reversal on EUR/USD? (October 16, 2013)", "inLanguage": "en", "datePublished": "2013-10-16T10:25:46+00:00", "dateModified": "2013-10-16T10:25:46+00:00", "articleSection": "Market Info", "description": "Explore Potential Reversal on EUR/USD? (October 16, 2013). A. 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