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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: two "Double Tops" in a row

EUR/USD: two "Double Tops" in a row

There’s a consolidation, which is taking place between the levels 1.1256 – 1.1196. So, the price is likely going to reach the nearest support at 1.1181 in the short term. Meanwhile, if a pullback from this level happens, there’ll be an opportunity to have an upward movement in the direction of a resistance by the bearish trend.

EUR/USD: two "Double Tops" in a row

We’ve got a “Double Top” pattern, which has been confirmed. Therefore, bears are likely going to reach a support at 1.1198 – 1.1181 during the day. If sellers be stopped at this area, bulls will probably try to achieve a resistance at 1.1241 – 1.1260 afterwards.

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