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Euro / U.S. Dollar
Short

EURUSD | Trend Breakout and Double Tops Formed

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The EUR/USD pair has reversed from a key daily resistance level, confirming this zone as a significant sell area. A trend breakout has further intensified the bearish sentiment. Additionally, the price has formed a double top pattern, reinforcing the bearish outlook. Based on this analysis, a short position could potentially yield a profit of 50-100 pips.
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Chart PatternsEURUSDForexfxtraderchampTrend AnalysisWave Analysis

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Chart PatternsEURUSDForexfxtraderchampTrend AnalysisWave Analysis
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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.