EURUSD Reached the May 31st Low. Double Bottom??

2023년 9월 15일

The EURUSD pair hit the 1.06350 Support A, which is the Low of May 31st.

Today that was followed with a minor rise, so as long as it holds, that's a Double Bottom and a buy signal.

Buy and target the Channel Down's top at 1.07450. If the price crosses over 1.07855 (Fibonacci 0.236), buy again and target 1.08550.

If on the contrary we get a 1day candle closing under Support A (1.06350), sell and target 1.04850 (-2.70% decline).

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