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: bulls stopped by the "Double Top"

EUR/USD: bears stopped by the "Double Top"

We’ve got a “Double Top” at the last high, which has been confirmed, so the price achieved a support at 1.1242 afterwards. Therefore, the market is likely going to catch a resistance at 1.1282 – 1.1324 during the day. If a pullback from this area arrives, a decline towards a support at 1.1219 – 1.1188 becomes possible.

EUR/USD: bears stopped by the "Double Top"

The price faced a support at 1.1222, which brought a confirmed “Triple Bottom” pattern. So, bulls are likely going to reach a resistance at 1.1279 – 1.1324. However, if buyers be stopped here, a new downward movement will be on the table.

Scroll to top