EURUSD 1h time frame has recently formed double top pattern. I am expecting the price go down to the neckline/support area in the graph. If the price pulls back slightly after touching that support area, we can expect next sharp decline and target the area at around 0.94000. The second scenario is price breaking the neckline and the neckline becoming the next strong resistance area after the price pulls back.
DISCLAIMER!!! I am not a financial advisor or have a license to provide such services. This idea is purely from my analysis and expectations from the current market trend. Trading in financial markets always involves capital loss (risk), and if you are using this idea you will be responsible for any risk associated with your trading/investing
DISCLAIMER!!! I am not a financial advisor or have a license to provide such services. This idea is purely from my analysis and expectations from the current market trend. Trading in financial markets always involves capital loss (risk), and if you are using this idea you will be responsible for any risk associated with your trading/investing