jgardere
Short

EURUSD headed the downside after double topping in a major zone?

FX:EURUSD   Euro / US-Dollar
After looking at USDJPY             and being convinced of bullish events coming up very soon, EURUSD             seems prime for a pullback. After forming a clean Inverted Head & Shoulders , EURUSD             has formed the double top chart pattern at around the 1.2050ish zone. Interestingly enough, after taking a look at the weekly chart, this pair appears to be sitting in a key area where this same particular area was used as support back in 07/2012. Technically, this is convincing of bearish movements that could range between 165-300+ pips.
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