Trader, analyst and instructor with a 6-year experience

BofA: diamond top in EUR/USD

According to analysts at Bank of America, EUR/USD is now in process of forming a “Diamond Top” pattern against February/June trend line resistance (currently at $1.3316).

"An impulsive break below $1.3250 confirms the formation, opening the August 2 low at $1.3180, and an eventual resumption of the larger bear trend to $1.3095 (200-day MA), then $1.2818 and eventually $1.2457 and below," analysts forecast.

Сhart. H4 EUR/USD


Scroll to top