EURUSD: Consolidation, what s next?
Updated
EURUSD extending its consolidation. Growing concern about a potential double top forming with the neckline 1.1685/00.
Potential trade: If you want to preempt the double top. Sell 1.1830/40 S/L 1.1855 bid.
On the other hand if you do believe this is a consolidation before a run up to the 1.1900/1.2000 area. Buy 1.1700/1.1685 tight Stop loss
@ 1.1665.
Note
I am removing the the buying level at 1.1685/1.1700 and leave the sell order at 1.1830/40 alive.
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