After 2 and a half trading sessions, the Euro pair formed a great head and shoulders pattern with a neckline shown in yellow. We broke this earlier this morning (and what a break!), and now we look for the price target. Usually we find a price target for a H&S pattern by taking the height of the neckline to the head and projecting it from the area the neckline is broke (shown in purple). So with that said I would expect a target price of around 1.4425, although in the end I think we might be heading even lower.