The EUR/USD has confirmed a double top, reinforced by a bearish MACD crossover and RSI divergence. The pattern remains valid unless the price moves above 1.09544. The initial downside target is around 1.0690, aligning with the upper part of the 34 EMA wave and sitting just above the 200 EMA. A decline to this level would still preserve the broader bullish trend....
Copper faces a potential resistance zone between 5.18 and 5.30, where seven Fibonacci extension targets align with the May 2024 peak. If this level holds, a retracement to 4.984–4.75 is possible. This area is supported by a three-point Fibonacci symmetry and the 34 EMA wave.
A double top has been confirmed on a daily chart with a downside target around 74550. This corresponds nicely with previous resistance turning potential support (73794-71958) and an upward sloping trend line. Below this zone are two overlapping volume profile ledges (70721-57340). I expect buyers to enter and hold 65k+. However, if 56k is taken out significant...
