Created
: 2025.06.19
- English
- English
- What's Myforex
- Share
- Use tools
- Get information
- What's New
- Help center
- About us
- Customer support
- Terms and policies
-
-
PortfolioShare your portfolio and performance in real time -
Events & contestsEvents and contests held by retail brokers around the world
-
-
Real-time spread comparisonCompare spreads of major retail brokers in real time -
Volatility analysisVisualize volatility as a measure of daily market activity -
Swap point comparisonCompare buy and sell swap values for each broker by symbol -
Market rates & chartsCheck prices for all instruments offered by each broker -
IndicatorsProviding in-house developed indicators for MT4/MT5 -
Trading calculatorsCalculation tools for each broker to help you trade
-
-
World FX newsLatest news on forex and cryptocurrencies from around the world -
Broker informationTrading information of retail brokers worldwide -
MetaTrader4/5 user guideUser guide collection for the latest MetaTrader4/5 -
Economic calendarRelease calendar for indicators from official sources of major economies
EUR/USD: A double top bearish reversal? - OCBC
Breaking news
EUR/USD: A double top bearish reversal? - OCBC
New
2025.06.19 17:27
2025.06.19 17:27
2025.06.19 17:27
Euro (EUR) extended its move lower over the past few sessions as geopolitical escalation unnerved sentiments. Pair was last at 1.1450 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note.
Potential double top pattern has formed
"Bullish momentum shows signs of fading while RSI fell further. Potential double top pattern formed - typically associated with bearish reversal. Immediate support at 1.1420 (21 DMA), 1.1360 (50 DMA) and 1.1280 (23.6% fibo retracement of 2025 low to high)."
"We do not rule out a flush out of stagnant longs as markets re-assess risks. Resistance at 1.1570, 1.1630 (recent high). We remain constructive on the outlook but also respect the near-term retracement momentum."
Last updated
: 2025.06.19
Related articles
EUR/GBP retreats as BoE stays cautious, ECB easing widens policy gap
8 minutes agoThe CBRT keeps rates unchanged at 46.00%, as anticipated
2025.06.19 21:02Indian Rupee weakens amid Middle East tensions, Crude Oil price surge
2025.06.19 20:48JPY soft and trading defensively - Scotiabank
2025.06.19 20:47GBP pulls back as markets digest BoE hold - Scotiabank
2025.06.19 20:45Norges Bank surprised markets with a rate cut to 4.25%
2025.06.19 20:44
FXStreet is a forex information website, delivering market analysis and news articles 24/7.
It features a number of articles contributed by well-known analysts, in addition to the ones by its editorial team.
Founded in 2000 by Francesc Riverola, a Spanish economist, it has grown to become a world-renowned information website.
Was this article helpful?
We hope you find this article useful. Any comments or suggestions will be greatly appreciated.
We are also looking for writers with extensive experience in forex and crypto to join us.
please contact us at [email protected].
Thank you for your feedback.
Thank you for your feedback.
Most viewed
EUR/GBP retreats as BoE stays cautious, ECB easing widens policy gap
The Euro (EUR) edges lower against the British Pound (GBP) on Thursday, snapping its recent winning streak after the Bank of England (BoE) held its key interest rate steady at 4.25% in its June policy meeting.
New
2025.06.19 22:01Gold steadies amid US involvement in the Israel-Iran conflict, cautious Fed
Gold (XAU/USD) is trading within a well-defined range on Thursday, holding between $3,340 and $3,400. These levels have consistently acted as near-term support and resistance over the past week.
New
2025.06.19 21:42The CBRT keeps rates unchanged at 46.00%, as anticipated
Turkey's central bank (CBRT) kept its One-Week Repo Rate at 46% on Thursday, matching the broad consensus.
New
2025.06.19 21:02Indian Rupee weakens amid Middle East tensions, Crude Oil price surge
The Indian Rupee (INR) extends its losing streak for a third consecutive day against the US Dollar (USD) on Wednesday, sliding to a three-month low as the escalating Middle East conflict fuels fresh supply worries and keeps Crude Oil prices elevated.
New
2025.06.19 20:48JPY soft and trading defensively - Scotiabank
The Japanese Yen (JPY) is soft, down 0.2% against the US Dollar (USD) but trading defensively and hitting fresh local lows as we head into Thursday's NA session, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.
New
2025.06.19 20:47GBP pulls back as markets digest BoE hold - Scotiabank
Pound Sterling (GBP) is soft and trading defensively into Thursday's NA session with markets unphased by the BoE's as-expected hold at 4.25% but offering some reaction to a 7-3 hold-cut split, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.
New
2025.06.19 20:45Norges Bank surprised markets with a rate cut to 4.25%
On Thursday, Norway's central bank (Norges Bank) surprised markets by announcing a 25 basis point reduction in its policy interest rate to 4.25%, signalling the expectation of further cuts due to a more favourable inflation outlook. The cut was the first one since 2020.
New
2025.06.19 20:44EUR consolidates below 1.15 - Scotiabank
Euro (EUR) is quietly consolidating within a tight range just below 1.15, holding flat vs. the US Dollar (USD) and treading water in light US-holiday trade, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.
New
2025.06.19 20:43Oil prices rise as Iran threatens to close Strait of Hormuz
According to Iran's Mehr news agency, a member of the Iranian Parliament National Security Committee presidium Behnam Saeedi said that Iran has many options to respond to aggression, including closing the Strait of Hormuz, per Reuters.
New
2025.06.19 20:42CAD slippage softens near-term prospects on the charts - Scotiabank
The Canadian Dollar (CAD) is modestly weaker on the session but losses may be moderating above 1.37 for now, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.
New
2025.06.19 20:41Disclaimer:
All information and content provided on this website is provided for informational purposes only and is not intended to solicit any investment. Although all efforts are made in order to ensure that the information is correct, no guarantee is provided for the accuracy of any content on this website. Any decision made shall be the responsibility of the investor and Myforex does not take any responsibility whatsoever regarding the use of any information provided herein.
The content provided on this website belongs to Myforex and, where stated, the relevant licensors. All rights are reserved by Myforex and the relevant licensors, and no content of this website, whether in full or in part, shall be copied or displayed elsewhere without the explicit written permission of the relevant copyright holder. If you wish to use any part of the content provided on this website, please ensure that you contact Myforex.
Myforex uses cookies to improve the convenience and functionality of this website. This website may include cookies not only by us but also by third parties (advertisers, log analysts, etc.) for the purpose of tracking the activities of users. Cookie policy
