EURUSD DAILY ANALYSIS - DOUBLE TOP PRICE BROKE THROUGH NECKLINE

Hey traders,

Here is my current analysis on the state of affairs with the EURUSD.

As seen on the chart price was going up before it formed a double top pattern and reversed.

Price has successfully and cleanly broke through the neckline of the double top.

I have my potential target drawn, and a potential S/R where price may retrace to.

Momentum may drive price all the way down.

DXY is in a bullish impulse which is bearish for the EURUSD.



Daily trade analysis and ideas:

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