EUR/USD - DOUBLE TOP AT THE RANGE RESISTANCE
EURUSDThe rate is currently testing the neckline of a small double top formation which has formed at already established range resistance.
I am looking for a downside break below 1.0505 to enter new short positions to target the range support at 1.0360.
A failure to break through would invalidate my immediate bearish bias as it would suggest a short term bull flag in which case we should be looking a break above 1.0625 to target 1.0670 and 1.0770.
Note
Wow, did Trump managed to screw this one up for me
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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.