EUR/USD flirts with double top neckline support at 1.2258. A breakdown would expose support at 1.2239-1.22. EUR/USD has carved out a double top bearish reversal pattern on the 15-minute chart. Acceptance under the double top neckline support of 1.2258 would confirm breakdown and open the doors for 1.2239 (higher low on the 15-minute chart). That looks likely as the 15-minute chart Relative Strength Index (RSI) has dropped into the bearish territory below 50. A violation at 1.2239 would expose the psychological support at 1.22. On the higher side, the double top at 1.2272 is the level to beat for the bulls. 15-minute chart Trend: Bearish Technical levels FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Bitcoin’s bull run sends the options market to new record highs FX Street 2 years EUR/USD flirts with double top neckline support at 1.2258. A breakdown would expose support at 1.2239-1.22. EUR/USD has carved out a double top bearish reversal pattern on the 15-minute chart. Acceptance under the double top neckline support of 1.2258 would confirm breakdown and open the doors for 1.2239 (higher low on the 15-minute chart). That looks likely as the 15-minute chart Relative Strength Index (RSI) has dropped into the bearish territory below 50. A violation at 1.2239 would expose the psychological support at 1.22. On the higher side, the double top at 1.2272 is the level to beat for the… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
