EURUSD shows some positive signs in short-term; double top is active

From xm.com

video EURUSD has found strong support at the blue Kijun-sen line of the Ichimoku indicator, while it is still standing above the short-term simple moving averages (SMAs). The double top formation is still holding but any breaks above 1.1480 may shift the neutral outlook to bullish. Regarding the technical indicators, the RSI indicator is pointing upwards around the neutral threshold of 50, while the MACD is falling below its trigger line in the positive region with weak momentum. Furthermore, the Ichimoku cloud is acting as a resistance area for the bulls. If the price overcomes the immediate resistance at 1.1395, ... (full story)