With price action on the monthly timeframe rejecting the underside of the 50-month simple moving average (SMA) at US$1.0927 and daily price recently completing a double-top pattern from the lower edge of said SMA (breaching the neckline taken from the low of US$1.0823), EUR/USD (euro versus the US dollar) bears will likely remain on the offensive until the pattern’s profit objective at US$1.0692. Given this, and seeing H1 price action recently fade resistance at US$1.0781, this could see the unit aim for US$1.07 the figure.