alicanuz

EURO/USD Technical Analysis

Short
FX:EURUSD   Euro / U.S. Dollar
Euro still very weak against the USD, price tired to push a little bit to the upside but couldn't even reach the 0.5 fibo retracement (1.1715) level, I believe the selling pressure will continue to push the prices down. Recently price has created a double top at 1.19 and broke the neckline and the range of this double top pattern has a similar target with the fibo extension level -0.27 which is 1.1420 area which might act as support for a period of time before price sells off more.
Trade closed: target reached

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