The EUR/USD pair may face potential downside risks as a bearish outlook emerges, primarily due to the formation of a double top pattern on the 1-hour timeframe. This pattern typically indicates a potential trend reversal and suggests that the buying momentum may be weakening.
With the double top pattern in place, there is a higher probability of a downward price movement in the EUR/USD pair. The first target of 1.0840 indicates a potential decline towards that level, while the suggested stop loss at 1.0954 acts as a safeguard against further losses.
Looking forward to read your opinion about it!
With the double top pattern in place, there is a higher probability of a downward price movement in the EUR/USD pair. The first target of 1.0840 indicates a potential decline towards that level, while the suggested stop loss at 1.0954 acts as a safeguard against further losses.
Looking forward to read your opinion about it!
Trade closed: target reached
Target reached! Trade closed!
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Private SIGNALS patreon.com/PremiumOptionsSignals
Trading COURSE bit.ly/tradex
RESULTS bit.ly/TG10x
TradeNation bit.ly/t10X
CRYPTO partner.bybit.com/b/37880
BUY-SELL INDICATORS tradingindicators.store/
Trading COURSE bit.ly/tradex
RESULTS bit.ly/TG10x
TradeNation bit.ly/t10X
CRYPTO partner.bybit.com/b/37880
BUY-SELL INDICATORS tradingindicators.store/
Related publications
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.