Pashabxl
Long

EURUSD: Double bottom or not, that will be the question

FX:EURUSD   Euro / U.S. Dollar
A quick update on EURUSD             , where RSI is at the lowest level. The chart shows a double bottom pattern which needs to be confirmed with the next candle.
If that is the case, the neckline is at 1.369 and after a little pull back to 1.366, we may be very much in a situation where from 1.366 the way would be cleared until 1.372 and 1.375. From 1.355 to 1.375, we would achieve the initial objective. The second one being 1.385-1.388 before ECB intervention, the clear end of QE3 in october, and a reversal of Euro             to 1.355, 1.33 and baring in mind an eventual increase of the interest rate by FED from 1Q15, bellow 1.30 . But we are not there yet.
English
English (UK)
English (IN)
Deutsch
Français
Español
Italiano
Polski
Türkçe
Русский
Português
Bahasa Indonesia
Bahasa Melayu
ภาษาไทย
Tiếng Việt
日本語
한국어
简体
台灣
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out