Search
Products
Community
Markets
News
Brokers
More
EN
Get started
Community
/
Ideas
/
EUR/USD: Double top pattern? Indicators suggest downside to come
Euro / U.S. Dollar
Short
EUR/USD: Double top pattern? Indicators suggest downside to come
By SwissPips
Follow
Follow
Updated
Feb 19, 2018
2
6
Cheer
Cheer
5
5
Feb 17, 2018
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
Feb 17, 2018
Comment
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.
Feb 19, 2018
Comment
I am convinced these levels will not hold and expecting a drop in the days to come
Feb 19, 2018
Comment
Feb 20, 2018
Comment
Jun 16, 2018
Trade closed: target reached
The idea was published on the 17th of February, I was already bearish on EUR/USD and bullish on USD/CHF.
Bearish Patterns
Chart Patterns
EUR
EURUSD
Forex
fx
SELL
short
strategy
Trend Analysis
USD
SwissPips
Follow
Related publications
EURNZD: Channel broken, targeting 1.68
by SwissPips
Published
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the
Terms of Use
.