EURUSD, 2 legged pull-back or a double top?

EURUSD / 4H

EURUSD / 4H

Hello traders, welcome back to another market breakdown.

Technical analysis: The EURUSD currency pair has been experiencing a downward trend, with the price consistently breaking lower. Furthermore, on the monthly time frame, the price has rejected a major key level. In addition, the Dollar index DXY has also rejected a macro level, indicating further strength in the dollar. This, coupled with the US10Y bond market breaking its structure higher, makes it seem like a wise decision to invest in the dollar during its pullback phase.

The scenario I'm looking at:

The Complex pull-back AB CD move to the Mid of the range of the entire swing that bears might see as a good discount to short again.

Trade safely,
Trader Leo.

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Kommentar:

Double Top,