# Reversal Pattern on EUR/USD (January 8, 2014) Source: https://www.tradersway.com/resources/market-info/reversal-pattern-on-eur-usd-january-8-2014/ Language: en Updated: 2014-01-08 Description: Explore Reversal Pattern on EUR/USD (January 8, 2014). A double top. Trade Forex and CFDs on MT4 and MT5 with tight spreads, flexible leverage and fast funding. A double top has formed on EUR/USD’s 1-hour time frame and it seems that the pair has confirmed the potential selloff. It has broken below the neckline around the 1.3650 minor psychological level but is waiting for more selling momentum. Stochastic is on middle ground at the moment, but is pointing upwards. This suggests that a quick pullback might still take place before the pair heads any lower. However, you can opt to enter at the break of the recent low around 1.3575 if you think the selloff will resume soon. ![Reversal Pattern on EUR/USD (January 8, 2014)] Shorting on a pullback to the 1.3650 area with a stop above 1.3700 and a target of around 200 pips, which is the same height as the formation, could yield a good return on risk. *By Kate Curtis from Trader’s Way* ## Structured data JSON-LD as served in the HTML version of this page. ```json { "@context": "https://schema.org", "@graph": [ { "@type": "Article", "@id": "https://www.tradersway.com/resources/market-info/reversal-pattern-on-eur-usd-january-8-2014/#primary", "url": "https://www.tradersway.com/resources/market-info/reversal-pattern-on-eur-usd-january-8-2014/", "mainEntityOfPage": "https://www.tradersway.com/resources/market-info/reversal-pattern-on-eur-usd-january-8-2014/", "headline": "Reversal Pattern on EUR/USD (January 8, 2014)", "inLanguage": "en", "datePublished": "2014-01-08T13:03:54+00:00", "dateModified": "2014-01-08T13:03:54+00:00", "articleSection": "Market Info", "description": "Explore Reversal Pattern on EUR/USD (January 8, 2014). 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