Strong Support Line creating a Falling Wedge along with Double Bottom trend reversal indication.
There is a strong support line formed which market has failed to cross around 1.62077 and which also has been tested again before market close and has shown no indications of trend continuation on the downside.
Also,there is a strong indication of trend reversal...
Bullish Bat Pattern within a bullish channel for EURUSD.
RSI below 20 within 7 periods indicating a clearly oversold condition.
Targets from:1.1394 -1.14368
Why I believe in going long in order of importance.
1)Strong RSI oversold indication.
2)Within the range of a bullish channel.
3)Potential Bullish bat pattern completion.
I must add I am rather new to...