The EUR/USD prices are still trading within an ascending channel and formed the Double Top, this give us a signal that the prices may retreat on the short term to the 1.2640-1.2604 area and should it succeed in breaching down the 1.2604 level, this represent a signal that the prices will exit from the trading into the ascending channel and also this is a signal of sharp drop towards the 1.2578 level then to the 1.2540 level.
However, if the Euro did not succeed in breaching down the 1.2604 level and would still trading above the 1.2640 level, this should confirm the upward trend of the prices towards the 1.2748 level, and the next target would be towards the 1.28 level.
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Nice trading all
(Source http://www.mbcfx.com/news/news…..21_06.html )