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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: "Double Top" stopped bulls for a while

EUR/USD: "Double Top" stopped bulls for a while

There’s a “V-Top” pattern, which led to decline towards the Moving Averages. So, the market is likely going to get a support at 1.1165 in the short term. If a pullback from this level happens, there’ll be an opportunity to have another upward movement, so we should keep an eye on the nearest resistance at 1.1256 as a possible intraday target.

EUR/USD: "Double Top" stopped bulls for a while

We’ve got a “Double Top” pattern, which has been confirmed. Therefore, bears are likely going to deliver an achievement of the nearest support at 1.1168 during the day. At the same time, if we see a pullback from this level, bulls will probably try to catch a resistance at 1.1241 – 1.1260.

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