EUR/USD: confirmed 'Double Bottom' pattern

EUR/USD: confirmed 'Double Bottom' pattern

30-5-2018-EUR-H4.png

The main trend is still bearish, but there's a 'Double Bottom' pattern, so the pair is likely going to test the nearest resistance at 1.1661 - 1.1717. A pullback from this area could be a departure point for another decline.

30-5-2018-EUR-H1.png

We've got a 'Double Bottom', which has been confirmed, so the market is rising. It's likely that the price is going to test the closest resistance at 1.1699 - 1.1717 in the coming hours. If a pullback from these levels forms little later on, bears will probably try to deliver a new local low.

eur

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