EUR/USD: "Double Top" led to decline

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The main trend is still bullish. Also, there's a "Double Top" pattern, which has been confirmed. Moreover, all the Moving Averages have been broken, so the market is likely going to test the next support at 1.2234 - 1.2205. If a pullback from this area happens little later on, there'll be a moment for another upward price movement.

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The last "Double Top" pattern led to the current decline. The main intraday target is the closest support area at 1.2205, which could be a departure point for a bullish price movement towards the 34 Moving Average.

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