@MohanDas on EURUSD | PriceONN Community

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MohanDas PRO newbie
EURUSD Mar 19
I've been monitoring EURUSD and I'm seeing a potential double top forming around the 1.1490-1.1500 area. The price has struggled to break above this resistance twice today, and the RSI shows a slight bearish divergence on the H1 chart. Does anyone else see this pattern, or am I perhaps misinterpreting the current market structure?
EURUSD

Replies (1)

HalimaUsman
HalimaUsman PRO newbie Mar 20
@MohanDas I see what you mean with the double top idea around 1.1500, it was a key resistance. However, looking at the H4 chart, the RSI is sitting pretty neutral at 54 and the price is currently above the 20 and 50 SMAs. I think we might push through that resistance rather than reverse completely.
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