EUR/USD Double Top Formation Indicates Potential Discount Buying

٣١ مارس ٢٠٢٣

As anticipated yesterday, the EUR/USD experienced a robust bullish impulse that met our target price. Subsequently, the value formed a double top pattern, and today it appears to be retesting the neckline before a potential downward movement. If the price drops, we plan to purchase at a discounted price near the 61.8% Fibonacci level and wait for a long-term impulse in the direction of the primary trend.