EURUSD failed to close or even reach 1.4 on ECB's press conference. It forms a kind of a double top when looking through the line chart (the tops are off by a couple of pips). This DT gives a downside target to 1.3477. Its not validated yet but the DT target could offer a possible entry for long positions.
A retest to 1.38 from below to find resistance can see the next support sitting at 1.370 and a break of this could set the DT pattern in play targeting 1.347.
Staying on the sidelines.
Comments
SeaLionLLC
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I agree. My numbers are a little different but not by much. There is support nearby but if it doesn't hold price will fall nicely.
justatrader
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Looks like support will hold, given how the oscillators are positioned. A nice reversal candlestick pattern would be great to go long again.