Another exercise of 0.9190 together with the following rollback downward including the breakage through the line of the ascendant trend (the red line) afford grounds for suggestion of the “double top” pattern’s shaping at this instrument. The values of the indicators, which reversed downward, speak well for this very variant of presumptions; and that in its turn reasons a high probability of the further decrease of the price. However, the breakage through the previous minimum (thereupon the first exercise of 0.9190) i.e., 0.9110/00 for getting the definite signal of the prospects of such kind. If it happens so the fulfillment of the presuppositions of the previous analysis concerning the trades’ downfall till the powerful support at 0.9065/40 will become a matter for the immediate future.
Analysis prepared by:
Arkady Nagiev
Forex4you analyst