EUR/USD looks like a short trade now

Daily chart

EURUSD D1 (04-12-2016 1641).png

Multiple rounding top formation along with a failure again near 1.1460 levels followed by a fall back to 1.14 suggests the bulls may have finally given up the hope of taking the pair higher to 1.15 levels.

Selling may gather pace and result in a drop to 1.1327 (Apr 6 low).

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