Pashabxl

EURUSD: Double Bottom or Falling Wedge

FX:EURUSD   Euro / 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

Comments

Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out