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Aug 18, 2015 4:15 AM

EURUSD: Reach into thick Kumo cloud: On the way to the support Short

Euro Fx/U.S. DollarFXCM

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I talked about the bounce from the resistance 1.1210 and the Double Top Pattern.

Then I see EURUSD actually pullback to sharp a real double Top Pattern.

The question on the table is : Does this trend continue ?.

I see EURUSD is reaching a thick Kumo cloud : A strong support.

Tomorrow, US CPI + FOMC Minutes is a risk event, and I believe EURUSD continues its decline to the trend line support.
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