EURUSD Reached the May 31st Low. Double Bottom??
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).
Follow us, like the idea and leave a comment below!!
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).
Follow us, like the idea and leave a comment below!!
TheCryptagon offers news & insights on global markets (crypto, forex, stocks, commodities). Follow so you don't miss anything!
🤑Message us for private forex & crypto signals in our VIP channel (70% accuracy)!💰
TELEGRAM: t.me/thecryptagon
🤑Message us for private forex & crypto signals in our VIP channel (70% accuracy)!💰
TELEGRAM: t.me/thecryptagon
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.