EUR/USD: "Double Top" pattern

EUR/USD: "Double Top" pattern


The price is consolidating under the previously broken trend line. So, the pair is likely going to test the 34 Moving Average. If a pullback from this line happens, there'll be an opportunity to have another upward price movement towards the next resistance at 1.1846 - 1.1875.


We've got a local "Double Top" pattern, which has been confirmed, so the price is testing the nearest support at 1.1801. It seems like bears are going to reach the next support at 1.1773. However, if we have a pullback from this level, bulls will probably try to achieve another resistance at 1.1838 - 1.1846.



USD/JPY: bearish "Harami"

The pair is likely going to test the upper "Window", which could be a departure point for a downward correction...


EUR/USD: "Double Top" pattern

Bulls faced with resistance at 1.2029, so the price is likely going to decline towards the nearest support area at 1.2003 - 1.1975...

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