EUR/USD: Double top pattern? Indicators suggest downside to come

Hey guys,

Yesterday's close was important for the pair and suggests that it could have reached a top at 1.25.

This level has been tested many times unsuccessfully and RSI DAILY and RSI WEEKLY show a bearish divergence.

Besides, we have a bearish engulfing candlestick on the daily.

Fundamentals (Italian elections to come in early March + Brexit) also suggest that EURUSD could fall hard in the coming days.

Cheers

Jesse

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Check out volume...

Last week was the most important week since a long time in terms of volume. And the weekly candle was bearish.

This can also give a good indication that price will reverse.

ความคิดเห็น:

I am convinced these levels will not hold and expecting a drop in the days to come

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The idea was published on the 17th of February, I was already bearish on EUR/USD and bullish on USD/CHF.