EURUSD make double bottom on support 1.0990 . It’s a confluence of support based on the intersection of a key horizontal level (1.0990) and ascending red channel support. As long as the price is above 1.0990, I see potential to move higher levels, perhaps into zone area at 1.1074. If price break zone area it will go up to resistance 1.1168.
Alternatively scenario, a daily candle close below the 1.0990 area would signal weakness and also expose lows around 1.0900.
Alternatively scenario, a daily candle close below the 1.0990 area would signal weakness and also expose lows around 1.0900.