EUR/USD Completes Double Bottom Pattern
The EUR/USD chart shows that the double bottom pattern has completed and the price has just made a strong breakout above the resistance level, especially when it broke above the 89 EMA. This confirms that the next trend is likely to be bullish. With the double bottom pattern and the breakout signal, EUR/USD is expected to continue its upward momentum, heading towards higher resistance levels, such as the 1.0950 area.
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