EURUSD: Double bottom or not, that will be the question
A quick update on EURUSD, where RSI is at the lowest level. The chart shows a double bottom pattern which needs to be confirmed with the next candle.
If that is the case, the neckline is at 1.369 and after a little pull back to 1.366, we may be very much in a situation where from 1.366 the way would be cleared until 1.372 and 1.375. From 1.355 to 1.375, we would achieve the initial objective. The second one being 1.385-1.388 before ECB intervention, the clear end of QE3 in october, and a reversal of Euro to 1.355, 1.33 and baring in mind an eventual increase of the interest rate by FED from 1Q15, bellow 1.30 . But we are not there yet.
If that is the case, the neckline is at 1.369 and after a little pull back to 1.366, we may be very much in a situation where from 1.366 the way would be cleared until 1.372 and 1.375. From 1.355 to 1.375, we would achieve the initial objective. The second one being 1.385-1.388 before ECB intervention, the clear end of QE3 in october, and a reversal of Euro to 1.355, 1.33 and baring in mind an eventual increase of the interest rate by FED from 1Q15, bellow 1.30 . But we are not there yet.
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Publications connexes
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.