Euro / U.S. DollarShort
EurUsd- Strongly bearish under 1.2
On Monday, EurUsd broke above important 1.2 figure
However, bulls seem to not have enough power and the second attempt of continuation failed
At this point, the up trendline is broken and there is a high probability of a double top.
A break under 1.2 would not only confirm the double top but would confirm also a false break and, from this point, a drop to 1.1850 is very probable
Sell rallies remain my strategy and only EurUsd above 1.21 would negate my scenario
However, bulls seem to not have enough power and the second attempt of continuation failed
At this point, the up trendline is broken and there is a high probability of a double top.
A break under 1.2 would not only confirm the double top but would confirm also a false break and, from this point, a drop to 1.1850 is very probable
Sell rallies remain my strategy and only EurUsd above 1.21 would negate my scenario
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