Wednesday 9 December 2015

EUR/USD: A Possible Double Top?




The fundamentals last week stopped the EUR/USD move to the downside at least temporarily. The pair climbed over 450 pips and although it bounced off the resistance at 1.0980 it is currently testing the same level again. It is possible the pair will form a double top here and then start descending again towards the support at 1.0540. On the other hand, EUR/USD might break above the resistance at 1.0980 and continue towards the next resistance level, which is around 1.1050 – 1.1060.
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4 comments:

  1. Unknown9 December 2015 at 12:19

    Thanks for the analysis, will keep it in mind!

    ReplyDelete
  2. Unknown9 December 2015 at 15:40

    The pair continue to push higher over 1.10 level.

    ReplyDelete
  3. Unknown13 December 2015 at 07:00

    EUR/USD still no clear sign whether price will fall or keep rising.

    ReplyDelete
  4. Rozen13 December 2015 at 11:40

    Thank you, great analysis.

    ReplyDelete

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