Updated

Potential double bottom in EURUSD at 1.15

Downtrend in EURUSD shifting into sideways range- could resolve either way with potential double bottom

Option 1
Wait for larger move higher to short the market in line with the longer term downtrend
1.172 is a S/R pivot and the 61.8% Fib of the drop from June 14

Option 2
Wait for drop back towards possible double bottom support for lower-risk counter-trend move higher into the range
1.1550 is possible support as a round number and the Nov 2017 long-term low

Note

Option 1 in play -- 1.172 has acted as R as expected

jasperlawler

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jasperlawler