As the chart shows, a double bottom formation is potentially forming, especially EUR is going to pull back during the day.
1. Risk-takers may enter long position now and take profit at 1.13770
2. Safe traders shall wait until the formation is finished and then look for clear breakout signal to go long. Take profit at 1.14190.
3. Keep an eye on any news including Italy budget issue and Russia-Ukraine confrontation.
1. Risk-takers may enter long position now and take profit at 1.13770
2. Safe traders shall wait until the formation is finished and then look for clear breakout signal to go long. Take profit at 1.14190.
3. Keep an eye on any news including Italy budget issue and Russia-Ukraine confrontation.