EURUSD at critical support - double-top near Daily 200 moving average

Discussion in 'Technical Analysis' started by SteveF, Nov 6, 2019.

  1. SteveF

    SteveF Active Trader

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    EURUSD.jpg sitting right on support ..... confirmed double top, near 200 MA.....are you bullish or bearish?

    View attachment 14646
     
  2. SteveF

    SteveF Active Trader

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    EURUSD.jpg

    EURUSD continues lower off of double top daily chart
     
  3. SteveF

    SteveF Active Trader

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    EURUSD.jpg

    EURUSD was a big mover. The double top or "M" pattern has run price down close to the 1.10 level. A break below sees 1.09 and lower

    EURUSD2.jpg
     
  4. DT77

    DT77 Trader

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    Which way we going next week then?
     
  5. SteveF

    SteveF Active Trader

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    EURUSD.jpg My opinion we are too close to 1.10 not to test it.....test 1.0990 first, then maybe up to take some sellers out before further downside. I usually don't make predictions. I look at the price action at levels and go from there.....
     

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