EURUSD Double Top Reversal Pattern

Apr 18, 2019

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EURUSD Double Top Reversal Pattern by KQMarkets on TradingView.com

Commentary

The 50 day moving average dropped through the longer-term 200 day moving average indicating a sell alert after which the 100 day moving average crossed the 200 day moving average confirming a sell signal.

EURUSD fell below the double top support level just below 1.128 confirming a double top which we see as an extremely bearish reversal pattern and therefore expect the currency pair to keep falling.

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