The price has been rejected at the 1.3363 resistance and has started to drop as part of a potential double top formation, while also pending a downside correction for the 1.3037- 1.3406 ascendent wave and holds above both its MAs.

Further downside is expected.

Sell at the current price with a stop loss at 1.3440 above the double top, a target at 1.3176 (Fibo 38.2 level) and a second target at 1.3081 near the next support.

This provides a risk/reward of 100/157 for th efirst target and 100/250 for the second target.

The price is forming a potential double top after a rejection at the 1.3368 resistance and is also pending a downside correction for the 1.3054-1.3400 ascendent wave while holding above both its MAs.

Sell at the current price with a stop loss at 1.3440 above the double top, a target at 1.3182 (Fibo 38.2 level) and a second target at 1.3073 near the next support.

This provides a risk/reward of 106/154 for the first target and 106/266 for the second target.