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DAY_PROFITS

EUR/USD Double Top Formation Indicates Potential Discount Buying

Long
Euro / U.S. Dollar (FX:EURUSD)  
DAY_PROFITS  
FX:EURUSD   Euro / U.S. Dollar
Trend Analysis Chart Patterns Technical Indicators EURUSD euro eurodollar signals signal signalservice Forex forexsignals forexsignal
13
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trendanalysis chartpattern indicator eurusd euro eurodollar signals signal signalservice forex forexsignals forexsignal
As anticipated yesterday, the EUR/USD experienced a robust bullish impulse that met our target price. Subsequently, the value formed a double top pattern, and today it appears to be retesting the neckline before a potential downward movement. If the price drops, we plan to purchase at a discounted price near the 61.8% Fibonacci level and wait for a long-term impulse in the direction of the primary trend.

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