EURUSD, “Euro vs US Dollar”
EURUSD has gained a foothold below the lower boundary of the Double Top reversal pattern. The pair is moving below the Ichimoku Cloud, suggesting a downtrend. A test of the resistance area at 1.0785 is expected, followed by a decline to 1.0680. A rebound from the upper boundary of the bearish channel would be an additional signal confirming the fall. The scenario could be invalidated by a breakout of the upper boundary of the Cloud, with the price securing above 1.0875, indicating a further rise to 1.0965.
Origin: RoboForex
