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EUR/USD - Double Bottom; 1.3162 is the First Resistance Pivot to Monitor
Stocks, Unit trusts, Wealth Management and Forex markets
10-04-2012, 06:03 AM
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The one
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Join Date: May 2000
Location: UK
Posts: 97,445
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EUR/USD - Double Bottom; 1.3162 is the First Resistance Pivot to Monitor
The 1.3030 low held, and the EUR/USD continues a correction against the decline from near 1.3380 down to 1.3030. The 1H chart shows that the RSI popped above 60 and tags 70, a sign of short-term bullish momentum. It also shows that a conventional double bottom target would be the 
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