A double bottom
appears to be forming on the EURUSD
, which has the potential to set up a 2618 trade should the bullish candlestick
close above the previous outside return before retracing to the .618 of leg AB. This technical setup will, inevitably, face heavy headwinds with regards to fundamental outlook on USD strength. This trade is currently forming in a consolidation zone on EURUSD
, so my question is... will this be the break we're looking for?