EURUSD Possible Double Top on H4 (10 Jan.)

I’m a Dollar bull, which makes me a bear on this pair. I find no reason to buy EUR and we expecting three rate hikes from the USA this year

ZONES

Resistance: Pink
Support: Green
Fibzones Yellow

EURUSD H4

We see Price failing to break Weekly R1 for the second time, this might be a signal that dollar bulls are coming to play. I'm expecting to see a break of support at 1.0516 and a re-test for an entry

EURUSD Daily

We see Price finding support at 50.0 fib level. Which validates the reversal pattern on H4

3 thoughts on “EURUSD Possible Double Top on H4 (10 Jan.)”

  1. Thanks Katleho , excellent analysis 🙂

  2. Good job, You could have sold there, Maybe it works maybe not but the trade was set up.

    1. Thanks Chan. I learn a lot from reading your posts as well. I did take the trade Dennis, don’t know why is not showing on the charts though