EUR/USD: "Double Top" pattern

EUR/USD: "Double Top" pattern


The price faced with resistance at 1.1857, so there's a "V-Top" pattern, which pushed the pair to the nearest support at 1.1767 - 1.1743. If a pullback from this area happens little later on, there'll be an opportunity to have a bullish price movement towards another resistance at 1.1836 - 1.1857.


There's a "Double Top" pattern, but the market faced with support at 1.1767, so the price is consolidating. In this case, we could have an upward price movement in the direction of another resistance at 1.1804 - 1.1820. However, if a pullback from these levels happens afterwards, there'll be time for a decline towards the closest support at 1.1767 - 1.1742.




Morning brief for May 30

 Growing concerns over Greek bailout, early elections in Italy and comments by the ECB President Mario Draghi about the need to maintain the bank’s extraordinary amount of monetary policy support…

promotions you can be interested in

Deposit with your local payment systems


A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Internal error. Please try again later

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