EUR/USD: confirmed "Doube Bottom"

EUR/USD: confirmed "Doube Bottom"

10-12-2017-EUR-H4.png

There's a "V-Bottom" pattern, so the price reached the nearest resistance at 1.1772. The main intraday target is the next resistance at 1.1808 - 1.1863. If a pullback from this area happens, there'll be an opportunity to have a bearish correction towards the closest support at 1.1734 - 1.1712.

10-12-2017-EUR-H1.png

We've got a "Doube Bottom", which has been confirmed. Therefore, the market is likely going to test the 89 Moving Average during the day. If a pullback from this line happens little later on, bears will probably try to achieve the nearest support at 1.1734 - 1.1723.

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