MMBTtrader

EURUSD near daily falling trendline and more correction is ahead

Short
FX:EURUSD   Euro / Dollaro
there is two important factor right now that show weakness of EURUSD long-term

first we have creation of double top on daily time frame and it is strong reversal pattern that can dump price hard and whenever price is below this daily resistance 1.2340 then this pattern is forming and is still valid .

second one is that red trendline that is forming and can dump price easily like previous time so first resistance zone is here and then again as we said another one is around 1.2300 zone if it reach.

targets and supports ahead:
A. 1.2050
B. 1.1960

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