EUR/USD: pair plunged because of 'Double Top'
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The pair has plunged because of the last 'Double Top'. However, bears faced with support at 1.1553, so the market is likely going to test the nearest resistance at 1.1623 -1.1653. A pullback from this area could be a departure point for another decline.
There's a 'V-Bottom', so we're going to have an upward correction. The main intraday target is the closest resistance at 1.1623 - 1.1653. If a pullback from these levels happens next, there'll be a green light for a decline towards the next support at 1.1553 - 1.1543.