EUR/USD - Double Top & Rising Inflation RisksEuro vs. US DollarFX:EURUSDKABHI_TA_TRADINGSetup Overview : EUR/USD is forming a clear Double Top beneath the 1.1705–1.1712 resistance zone, with both peaks rejecting the same area. Price is now sitting close to the 1.1670 neckline, making a confirmed M30 close below this level the key trigger for the bearish setup. EURUSD ✅ Possible Trading Plan: Bearish The preferred bearish scenario is a confirmed M30 neckline breakout below 1.1670, followed by a retest and rejection of the broken neckline. If confirmed, the setup opens the way toward the marked support levels at 1.16298 and 1.16006. A sustained move back above the resistance zone would weaken the bearish structure. Key Levels: 🔴 1st Support : 1.16298 🔴 2nd Support : 1.16006 🟢 Resistance Zone : 1.17050–1.17120 ---------------------------------------------------------- ✅Today Fundamental Updates : (24.08.2026) The market has three major battles this week: 1. Fed vs. inflation: US PCE + Warsh will determine whether markets increase or reduce expectations for Fed tightening. 2. War/oil vs. central banks: More Iran escalation → higher oil → higher inflation → potentially more hawkish central banks, but also weaker global growth and stronger safe-haven demand. 3. Trade war vs. CAD: The U.S.–Canada tariff escalation currently gives CAD the weakest fundamental setup among the major currencies. --------------------------------------------------------- Disclaimer : This analysis is provided for educational and informational purposes only and does not constitute financial advice.