EUR/USD: 'Double Top' led to decline

EUR/USD: 'Double Top' led to decline

2019-11-11 • Updated

16-5-2018-EUR-H4.png

The main trend is still bearish. It's likely that the pair is going to test the next support area at 1.1779 - 1.1717. A pullback from these levels could be a departure point for an upward correction.

16-5-2018-EUR-H1.png

The pair has been declining since the last 'Double Top' was formed. At the same time, if a pullback from the nearest support at 1.1779 - 1.1751 happens in the coming hours, there'll be a moment to have a bullish correction.

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