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jgardere

EURUSD headed the downside after double topping in a major zone?

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Euro / Dollar AS (FX:EURUSD)  
jgardere  
FX:EURUSD   Euro / Dollar AS
Trend Analysis Chart Patterns Technical Indicators invertedheadandshoulders Double Top shortsetup
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trendanalysis chartpattern indicator invertedheadandshoulders doubletop shortsetup
After looking at USDJPY and being convinced of bullish events coming up very soon, EURUSD seems prime for a pullback. After forming a clean Inverted Head & Shoulders, EURUSD has formed the double top chart pattern at around the 1.2050ish zone. Interestingly enough, after taking a look at the weekly chart, this pair appears to be sitting in a key area where this same particular area was used as support back in 07/2012. Technically, this is convincing of bearish movements that could range between 165-300+ pips.
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