EURUSD Breakdown from Nearly 2 Month Topping Pattern
EURUSD turned down when it needed to and today’s drop completes the topping pattern that has been underway since late July. It’s not uncommon to get a slight bounce following a break of a larger pattern. If that happens here then 1.1780 should provide resistance. Downside focus remains 1.1450-1.1500 although the median line from the short term bearish fork could provide support for a bounce near 1.1630.
Disclaimer: The content above represents only the views of the author or guest. It does not represent any views or positions of FOLLOWME and does not mean that FOLLOWME agrees with its statement or description, nor does it constitute any investment advice. For all actions taken by visitors based on information provided by the FOLLOWME community, the community does not assume any form of liability unless otherwise expressly promised in writing.