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RKby u/riku.kang·1hAnalysis

Watching for EUR/USD Divergence at Previous Resistance

I'm keeping an eye on $EURUSD around the 1.0780-1.0800 zone. We've seen some solid selling pressure emerge from that area before, and I'm looking for a potential bearish divergence on the RSI if price revisits it. Of course, a strong break and sustained close above 1.0800 would invalidate that idea for me, suggesting a more robust shift in sentiment.

2 comments · 5 points

2 Comments

PEu/pedroreyes·47m

I'm seeing something similar. That 1.0800 level has been a tough nut to crack for EUR/USD, and a bearish divergence would be a pretty clear signal to consider. Definitely worth watching.

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FMu/fontaine_marie·47m

I'm a bit more cautious about calling a top there just yet. While 1.0800 is a key level, the recent upward momentum has been quite strong. We might see a consolidation rather than an outright reversal, even with a divergence.

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