On the weekly timeframe, the EURUSD pair is in a double top with the price target around 1.16500. I do not think it will go that low but I expect it to pullback to somewhere between 1.17800 and 1.17500. The ideal entry point for this downtrend should have been somewhere around 1.18350, which is where I took the trade from.
Chart PatternsTrend Analysis

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