EUR/USD Falls on European Fiscal Concerns

Crude Oil:

A head and shoulders pattern may have formed on the 4-hour crude oil chart with the downward sloping neck line drawn underneath the price levels of $79.93 and $78.83. The future price move could be estimated by measuring the distance from the head of the pattern down to the neckline, for a price move of roughly 430 pips. Forex and commodity traders may want to place an entry stop sell order below the neckline for the possible breakout.