EURUSD finished its correction phase and reached the upper downtrend channel and retested the resistance (supply) zone at area 0.9890 -0.90 area with three rejections.
Currently a double top is forming and a break below 0.9650 will lead to neckline break and to reach a new low at the lower downtrend channel at area 0.93.
Currently a double top is forming and a break below 0.9650 will lead to neckline break and to reach a new low at the lower downtrend channel at area 0.93.
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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.