EUR/USD: a double top

EUR/USD: a double top

The main trend is still bullish, but there's a "Double Top" pattern, which has been confirmed. The main intraday target is the nearest support at 1.2213 - 1.2164. If a pullback from this area happens little later on, there'll be an opportunity to have another upward price movement.

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The last "Flag" pattern has been broken. So, the pair is likely going to reach the closest support area at 1.2213 - 1.2194 in the short term. Meanwhile, if we see a pullback from these levels, there'll be a moment to have a bullish price movement in the direction of the next resistance at 1.2233 - 1.2254.

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eur

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