EURUSD Reached the May 31st Low. Double Bottom??
The EURUSD pair hit the 1.06350 Support A, which is the Low of May 31st.
Today that was followed with a minor rise, so as long as it holds, that's a Double Bottom and a buy signal.
Buy and target the Channel Down's top at 1.07450. If the price crosses over 1.07855 (Fibonacci 0.236), buy again and target 1.08550.
If on the contrary we get a 1day candle closing under Support A (1.06350), sell and target 1.04850 (-2.70% decline).
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Today that was followed with a minor rise, so as long as it holds, that's a Double Bottom and a buy signal.
Buy and target the Channel Down's top at 1.07450. If the price crosses over 1.07855 (Fibonacci 0.236), buy again and target 1.08550.
If on the contrary we get a 1day candle closing under Support A (1.06350), sell and target 1.04850 (-2.70% decline).
Follow us, like the idea and leave a comment below!!
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