EUR/USD: "Double Bottom" pushed price higher

EUR/USD: "Double Bottom" pushed price higher


The main trend is still bullish. Also, there's a "Double Bottom" pattern, which has been confirmed. So, the market is likely going to test the nearest resistance area at 1.2383 - 1.2412 in the short term.


The last "Double Bottom" led to the current upward price movement. It's likely to have a local bearish correction during the day. The main intraday target is the next resistance at 1.2383 - 1.2396.



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The British pound has been enjoying itself versus the other major currencies during the past weeks. WIll the advance of the GBP continue?

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