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Profound_Ambition

EURUSD DAILY

Euro / U.S. Dollar (FX:EURUSD)  
Profound_Ambition Updated   
FX:EURUSD   Euro / U.S. Dollar
Support and Resistance Supply and Demand Trend Analysis EURUSD euro DJ FXCM Index Double Top neckline break retest pullback
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supportandresistance supplyanddemand trendanalysis eurusd euro usdollar doubletop neckline break retest pullback
Simple trend analysis here, price broke the neckline to its double top off monthly resistance. Price may head down to the 1.20800 zone to retest a strong previous supply zone, where I will look for a rejection or break back below for a continue of a bearish trend.
Comment:
2 hour: Old demand zone now acting as a supply zone barrier
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