EUR/USD: A Double Top In The Making: Levels & Targets - Credit Suisse



Credit Suisse Research discusses EUR/USD technical outlook, and flags a possibility of a double top pattern that is currently inn the making.
EURUSD strength has been capped at major resistance at 1.2518/1.2649 – overlapping retracements, and the long long-term downtrend from the 2008 peak – and is threatening a “double top”.
Only below 1.2205 would confirm though with support then seen at 1.2056, the uptrend from April 2017, ahead of the January low at 1.1916," CS argues. 

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