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

[SteveF]

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

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[SteveF]

EURUSD continues lower off of double top daily chart

 

[SteveF]

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

 

[DT77]

Which way we going next week then?

 

[SteveF]

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.....