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EUR/USD Forming Short-term Triple Bottom Above 1.29

Money Mind - Forex

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Old 10-05-2012, 10:31 PM
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Default EUR/USD Forming Short-term Triple Bottom Above 1.29

The EUR/USd is consolidating above the 1.29 handle. The 1H chart shows a triple bottom forming, with a break above 1.2970 to complete the pattern. This would suggest a near-term rally toward the 1.30 area. This short-term bullish outlook is within a bearish scenario at least toward the 1.2870 pivot

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