Forex: EUR/USD Technical Analysis – Double Top in the Works?
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- Prices are testing resistance at 1.3679 (38.2% Fib); a break targets 1.3710 (Feb high)
- Negative RSI divergence warns a move lower may be ahead
- Initial support at 1.3638 (Feb 1 close); below that eyes 1.3600 (23.6% Fib)
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Daily Chart - Created Using FXCM Marketscope 2.0
--- Written by Ilya Spivak, Currency Strategist for DailyFX.com
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