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EUR/USD Double Top Formation Indicates Potential Discount Buying

Long
Euro / Dollaro (FX:EURUSD)  
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FX:EURUSD   Euro / Dollaro
Trend Analysis Chart Patterns Technical Indicators EURUSD euro eurodollar signals signal signalservice Forex forexsignals forexsignal
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trendanalysis chartpattern indicator eurusd euro eurodollar signals signal signalservice forex forexsignals forexsignal
As anticipated yesterday, the EUR/USD experienced a robust bullish impulse that met our target price. Subsequently, the value formed a double top pattern, and today it appears to be retesting the neckline before a potential downward movement. If the price drops, we plan to purchase at a discounted price near the 61.8% Fibonacci level and wait for a long-term impulse in the direction of the primary trend.

Idee correlate

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GOLD:Potential Discount Buying Opportunity at 61.8% Fibo Level
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AUD/USD Rebounds at 0.6680 Level, Expected to Retest Trendline.
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