moreina

EUR/USD forming a double top, intermediate target 1.16

Short
FX:EURUSD   Euro / U.S. Dollar
EUR/USD forming a double top on the daily. Diving into the 30 min we see a bearish scenario starting to play at the top. Targets based on the P&F chart show 1.16 as the immediate breakdown, with a longer term target of 1.12 - 1.115. A strong push down from this area would trigger the breakdown.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.