EUR/USD: pair plunged because of 'Double Top'

EUR/USD: pair plunged because of 'Double Top'

15-6-2018-EUR-H4 (2).png

The pair has plunged because of the last 'Double Top'. However, bears faced with support at 1.1553, so the market is likely going to test the nearest resistance at 1.1623 -1.1653. A pullback from this area could be a departure point for another decline.

15-6-2018-EUR-H1 (2).png

There's a 'V-Bottom', so we're going to have an upward correction. The main intraday target is the closest resistance at 1.1623 - 1.1653. If a pullback from these levels happens next, there'll be a green light for a decline towards the next support at 1.1553 - 1.1543.

eur

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