Could this be?

FX:EURUSD   Euro / U.S. Dollar
516 8 2
The ECB press conference and the Non-Farm payrolls are pretty close, looking at the technical, can we say that this might be a Double Bottom , or the price will continue to consolidate?...Let's go with the Double Bottom for the moment :)
I doubt it - this chart looks quite bearish to me. I would be surprised if it gets anywhere near that .618 line - time will tell, of course.
JimFred JimFred
I was/am referring to the line drawn in red at 1.3711....
JimFred JimFred
I don't follow this market, and was basing my thoughts on what this small time frame showed. Out of curiosity I just took a look at the bigger picture, and my opinion has changed. I suspect 1.3711 will likely be taken out in the not-distant future
Razvan JimFred
:) Sorry I did not reply earlier. I believe that euro it is pretty high now, giving the current situation. I am expecting a pullback before any new highs. Only a close above 1.34 could trigger another rally. in my opinion.
61.8 retrace touched
Excellent Chart!
Razvan QuantitativeExhaustion
Thank you JR!
Look at this, the euro...actually the dollar lost ground...:)
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