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I've been trading for 15 years, so I have a lot of things to share. I use the classic technical analysis, which is one of the most powerful tool for any trader.

EUR/USD: "V-Top" points to possible bearish movement

EUR/USD: "V-Top" points to possible bearish movement

The price hasn’t broken the last high. Also, there’s a “V-Top” pattern under a resistance at 1.1349, so the market is likely going to decline towards a support near the local uptrend. However, bulls will probably try to reach a resistance at 1.1349 – 1.1365 afterwards.

EUR/USD: "V-Top" points to possible bearish movement

We’ve got a “Double Top”, which has been confirmed, so the price is falling down. Therefore, bears are likely going to get a support at 1.1268 – 1.1253 during the day. If a pullback from this area happens, there’ll be an opportunity to have an upward movement in the direction of a resistance at 1.1324 – 1.1349.

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