The 4-hour chart of EUR/USD is currently in downtrend.
It has formed a double top pattern and the price is currently re-testing its resistance.
Also stochastic indicator is bit over stretched and it is in overbought zone.
As per our analysis,we expect selling pressure to return to the counter in the resistance zone.
It has formed a double top pattern and the price is currently re-testing its resistance.
Also stochastic indicator is bit over stretched and it is in overbought zone.
As per our analysis,we expect selling pressure to return to the counter in the resistance zone.