EURUSD Stops at 61.8%, Double Top Remains a Target

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EURUSD has stopped at the 61.8% Fibonacci retracement around the $1.0990 mark, around 25 pips shy of the double top profit-taking zone. The price rebounded all the way to test the 100 DMA, now as a support. In case the bulls fail to clear the 100 DMA, we may see new short-term lows before end of the week as more sellers will appear at 100 DMA.