Technical analysis of EUR/USD 10/01/2021

EUR/USD currency pair has broken through the support of 1.1700 (38.2% Fib) and now this level is the nearest resistance. Now the pair is trading around 1.1570 at the intersection of (MA100) and (MA200).
A “Double Top” pattern has formed on the chart with a projection of a potential decline below 1.1200.
The nearest support is the area of the level 1.1500 (50% Fib).

EURUSD_STPWeekly (2)
Created by Joshua Hayn

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