vlad.adrian
Long

EURUSD - Double bottom

CME:E61!   Euro Futures
201 1 3
Weekly chart here
snapshot
.

The daily chart shows a double bottom , with a huge divergence on momentum indicators.

Considering the way the weekly charts moves, I would say a correction to the larger downtrend is highly probably. However, I believe that there is more downside coming in a few weeks. I expect the daily double bottom to play out and offer a better shorting opportunity. Till then, I am long this market.
Closed out on 06.11.2014 around 1.24
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