EUR/GBP Formed a Double Top

EUR/GBP reached a high at 0.8786 and bounced off from it after forming a shooting star candlestick and a spinning top candlestick at that level on the four-hour time-frame, retracing back to the support at 0.8710 which is (MA)89 on the one-hour time-frame. Today the pair moved to the upside again and tested the resistance at 0.8786 for a second time, forming a potential double top at that level. What is more, the pair also formed an impressing shooting star candlestick on the one-hour time-frame at the same level. If that double top is a valid signal, and it most likely is, then there will probably be a move to the downside towards the support at 0.8710 – 0.8700 again. A breakout below that level will likely lead to a further move south towards 0.8630, which coincides with the (MA)89 indicator on the four-hour time-frame.