EUR/USD: 'Triple Top' led to decline

EUR/USD: 'Triple Top' led to decline


It's likely that we're going to have a 'Triangle'. So, the price is likely going to test the next support at 1.1612 - 1.1601. A pullback from this area could be a departure point for an upward price movement towards the nearest resistance at 1.1654 - 1.1673.


The market has been declining since the last 'Triple Top'. The main intraday target is the closest support at 1.1601. If a pullback from this level formes little later on, there'll be an opportunity to have a bullish rally in the direction of another resistance 1.1661 - 1.1679.



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AUD/JPY looks exposed

AUD/JPY formed a “shooting star” candlestickon the W1. This week, it’s testing levels below the 50-week MA at 75.45.

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