Pashabxl

EURUSD: Double Bottom or Falling Wedge

FX:EURUSD   Euro Fx/U.S. Dollar
The pattern is not very clear although we can think about the formation of a very sharp Falling Wedge because of the volatility of the market last week based on ECB announcement and NFP, or we have to wait for another candle to see if we are on the eve of the double bottom .
Indicators such as Stoch suggest that we are at an oversold level, ie, we may face a correction on the upside, but we do not know yet if it is a limited correction, or if it is a clear change of pattern.
If that is a double bottom , then Neckline is at 1.3660 and above the level may very much be 1.37XXX around 1.372
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out