LorenzoDecaria
Short

Double Top on #EURUSD

FOREXCOM:EURUSD   Euro / US-Dollar
Not my favorite time frame, but on the H4 a neat double top has been confirmed by the current neckline break (wait for the candle to close by the way). Turns out it unfolds exactly at 1.2500 which is a major psychological level and after such a stretched move could provide some resistance. Too early to call a reversal, but at least we might assist at some stalling price action especially with today's indecision in the stock market after the meltdown of the last days.

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