The EURUSD is about to trigger a double top formation.

Following a strong move higher that breached through several areas of resistance, the EURUSD is in danger of posting a double top if it fails from current support level. The current range is roughly 100 pips, therefor a break below 1.1070 will target 1.097 next. Having said that the bullish case is not dead even if the aforementioned scenario plays out.

EURUSD Double Top

Steve Voulgaridis