There is a Diamond Top on the EurUsd
, which is a very bearish
figure. The Parity has succeeded to break it out, as it was unable to breakout the 1.09418 resistance level
, which would have allowed it to seek 1.10686, its rejection level. The pattern shows a bearish
market, with 1.05598 as an objective, and 1.06972 as a primary objective.
The daily Pivot Point
is around 1.08821. The daily support levels are around 1.08180 and 1.07172. The daily resistance levels are around 1.09829 and 1.10470.
, which has always given accurate hints about the EURUSD's trend, is also showing strong bearish
signs as a H&S
can be noticed on the Chart.