Friday, July 24, 2015

A Potential Double Top on EUR/USD.

EUR/USD movement within 1 hour is hold twice in resistance of 1.1016 and it potentially creates a double top pattern. This pattern wannabe confirmation is on the baseline area 1.0950 where once the price passes trough the baseline then EUR/USD shall be potentially moving Bearish to range 1.0925 – 1.0868.

Be careful, if price doesn't pass trough the base line. EURO will strengthened his position up resistance area range 1.0981 – 1.1016.

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BEARISH Preference, Pay Attention on Baseline 1.0950

SUPPORT Position: 1.0925, 1.0903, 1.0868

RESISTANCE: 1.0981, 1.1016, 1.1051

Cheers!

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