The bulls look exhausted after the short rally to test the trendline break gap at around the 1.1440 level, forming a double top formation. This is a good opportunity for a short position targeting the 1.12800 level
Stop losses should be placed beyond the double top zone allowing for a 1:3 risk/reward trade to the weekly support zone
Stop losses should be placed beyond the double top zone allowing for a 1:3 risk/reward trade to the weekly support zone