EUR/USD: 'Double Top' led to decline

EUR/USD: 'Double Top' led to decline


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.


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.



Latest news

GBP/USD: pound entered into channel Tenkan-Kijun

Bullish Ichimoku Cloud with horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen with horizontal lines; the market is under strong resistance and prices entered into the channel Tenkan-Kijun.


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