Get started
Richie242

EU August 9th Analysis - Potential Daily Double Top

Euro / U.S. Dollar (FX:EURUSD)  
Richie242  
FX:EURUSD   Euro / U.S. Dollar
Double Top or Bottom Support and Resistance Multiple Time Frame Analysis eurusdanalysis
5
1
doubletoporbottom supportandresistance mtfa eurusdanalysis
EU is forming a potential Daily double top, we haven't broken the neckline (1.16957) yet. on H4 we can see that a level of support has been broken. I'll wait to see if the market can retrace back to this area before continuing the bearish market flow. This market also has the potential to roll over and test the neckline as well.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.