The EUR/USD has been in downtrend and currently we see an interim retracement. A double top has formed at a key historic level. A definitive close may send the pair down for more bearish continuation.
1.1233-43 is the POC zone with only bearish candles appearing after price has rejected from the historical level. A definitive bearish close from the POC aims for 1.1215 [D H3 // 7/8] and 1.1200 [Round Level // D L3 // 6/8] with an extended target of 1.1170 [D L5 // 4/8]. However, a spike above 1.1270 is bullish for the pair and the price should make a retest of 1.1284 W H4 before eventually reaching 1.13390 W H5