EURUSD at Testing Resistance; Double Top Formed on H4

We've seen price remain within a consistent channel since the first of the year. After the previous week's rally we've begun to approach the upper bound of this channel as well as the 50 day SMA. Yesterday we saw the first daily decline since last week, and saw a brief correction culminating in a possible double top formation at ~1.1330, followed by a failed attempt to breach of that line further reinforcing the strength of this resistance. I expect the the following week to continue downward within the channel with our first profit target at 1.1200 near the previous low, and the next around 1.1160-1.1170.

Note: FED Event risk next Wednesday, US interest rates announcement @ 18:00 GMT. So far 2019 the FED has been relatively dovish, continuation of this outlook will limit the potential upside for the USD.