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IIAF
Dec 1, 2019 7:36 PM

EURUSD 

Euro Fx/U.S. DollarFXCM

Description

EURUSD make double bottom on support 1.0990 . It’s a confluence of support based on the intersection of a key horizontal level (1.0990) and ascending red channel support. As long as the price is above 1.0990, I see potential to move higher levels, perhaps into zone area at 1.1074. If price break zone area it will go up to resistance 1.1168.

Alternatively scenario, a daily candle close below the 1.0990 area would signal weakness and also expose lows around 1.0900.
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