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hiems

EURUSD Double Top Short

Short
Euro / U.S. Dollar (FX:EURUSD)  
hiems  
FX:EURUSD   Euro / U.S. Dollar
Trend Analysis Chart Patterns Double Top or Bottom
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trendanalysis chartpattern doubletoporbottom
EURUSD has bounced of the 1.25 handle twice and has formed a double top. The setup is already in action with the first leg almost completed at 1.234. Assuming news for the USD will be positive this afternoon, an extension to TP 2 and TP 3 is possible.

TP 2 1.208
TP 3 1.197
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