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.
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