The EUR/USD has made a retracement towards 1.1185. After the retracement we can see the double top.
EUR/USD Technical Analysis
EUR/USD has possibly finished a retracement
Below 1.1200 is bearish
Fake Inverted SHS pattern
1.1115 is target
H1 CHART EUR/USD
Descending trend line
Consolidation / Bounce zone
Double top
Final target
The EUR/USD has made a retracement towards 1.1185. After the retracement we can see the double top. Possible move down should target 1.1150 and lower levels. 1.1115 is the target. On intraday level rallies could be used for selling. Only above 1.1200 the price might be bullish. If the price makes a recovery above W H3 then bulls might have the upper hand. Selling the rallies and profit taking around 1.1140 and 1.1115 is the valid scenario. Swing potential only below 1.1080.
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