LADEEc57

$EURUSD - SHORT Double Top

Short
FX:EURUSD   Euro / U.S. Dollar
4hr double top followed by a nice breakdown below upward sloping short term trend line on the 4hr chart. Price broke and retested the same trend line but failed to stay above it. As long as price action stays above the H4 49EMA/pivot, trend is positive, but a retrace back towards intra-week lows of $1.1841 would see it follow through towards next intermediate trend line of $1.1766.

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