EUR/USD: confirmed "Double Top"

EUR/USD: confirmed "Double Top"

23-5-2017-EUR-H4.png

The price faced resistance at 1.1249, so there's a consolidation. Also, we've got a "Double Top" pattern, so the pair is likely going to test the nearest support at 1.1171 - 1.1139 in the short term. If a pullback from this area happens, there'll be an opportunity to have another bullish movement towards resistance at 1.1287 - 1.1307.

23-5-2017-EUR-H1.png

There's a "Double Top", which has been confirmed. Therefore, bears are likely going to reach support at 1.1160 in the coming hours. At the same time, if we see a pullback from this level, bulls will have an opportunity to achieve resistance at 1.1249 - 1.1279.

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