EUR/USD: "Double Top" pattern

EUR/USD: "Double Top" pattern

2019-11-11 • Updated


The price is consolidating between resistance at 1.1267 and support at 1.1171. Also, we've got a "Double Top" pattern, so the market is likely going to decline towards the nearest support at 1.1103 - 1.1075. If we see a pullback from this area, there'll be an opportunity to have another bullish price movement in the direction of the last high.


There's a consolidation, which is taking place along the Moving Averages. The 89 Moving Average has acted as support, so bulls are likely going to get resistance on the 34 Moving Average in the coming hours. However, if a pullback from this line happens, bears will have a chance to reach the closest support at 1.1139 - 1.1103.


EUR/USD Hit All Targets
EUR/USD Hit All Targets

4H Chart  Daily Chart  EURUSD managed to rise further on Friday inline with our expectations, reaching our entire targets mentioned in our previous notes at 1…

Latest news

Deposit with your local payment systems

Feel the Team Spirit

Data collection notice

FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.


A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Next callback request for this phone number
will be available in

If you have an urgent issue please contact us via
Live chat

Internal error. Please try again later

Don’t waste your time – keep track of how NFP affects the US dollar and profit!

Beginner Forex book

Beginner Forex book will guide you through the world of trading.

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera