EURUSD is presently experiencing an impulsive phase, with the market positioned at major impulsive wave “III” at 1.1272. Our analysis suggests the formation of a potential double-top pattern in this zone, indicating a potential bearish reversal. We anticipate a subsequent downward movement towards the target of 1.1085. Traders may consider entering a sell trade at the current market price. It is advised to use proper risk management strategies, setting a take profit at 1.1085 to secure potential profits.
Origin: FreshForex
