We’ve got a “Double Top”, which has been confirmed, so the price reached a support at 1.1284. The market is likely going to achieve the next support at 1.1259 – 1.1233. If a pullback from this area happens, an upward correction will be possible.
The pair has been falling down since a “Double Top” arrived at the last high. The price faced a support at 1.1284, which stopped bears for a while. At the same time, the market is probably going to decline towards a support at 1.1259 – 1.1244 in the short term.
EUR/USD, H4
EUR/USD, H1
Origin: FX BAZOOKA
