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Mihai_Iacob

EurUsd to correct lower?

Short
Euro / Dollaro (FX:EURUSD)  
Mihai_Iacob  
FX:EURUSD   Euro / Dollaro
Trend Analysis Technical Indicators Chart Patterns EURUSD eurusdshort eurusdprediction eurusdforecast eurusdidea eurusdsignal eurusdanalysis eurusdoutlook eurusdsell
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trendanalysis indicator chartpattern eurusd eurusdshort eurusdprediction eurusdforecast eurusdidea eurusdsignal eurusdanalysis eurusdoutlook eurusdsell
Last week EurUsd broke above 1.2 figure and accelerated its gains towards 1.22. Thursday and Friday the pair has formed a small double top and from this point on a correction could follow.
Bears can try to sell rallies with a target of 1.2050 and a deeper correction could drive EurUsd even at 1.2 important support.
A new high above 1.22 would negate this scenario and, also, keep in mind that you trade against the trend
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