EURUSD potentially posted a double top near 1.1450 in May and June. As per FXCM real volume, the secondary top happened on relatively weak volume to the first top.
We are approaching the double top neckline at 1.0819.
Traders will be watching a close below there which would put an end to the corrective series of higher highs and higher lows seen since March and would open the way for a move down to the year to date low near 1.0458.
Target : The double top itself has a target of 1.02.
We are approaching the double top neckline at 1.0819.
Traders will be watching a close below there which would put an end to the corrective series of higher highs and higher lows seen since March and would open the way for a move down to the year to date low near 1.0458.
Target : The double top itself has a target of 1.02.