EURUSD Double Bottom with the MA100 (1D) supporting.
EURUSD reached the Support Zone of February 24th-27th. As long as it holds, it is a Double Bottom.
The MA50 (1D) is under it as an additional layer of Support, holding since November 10th.
Trading Plan:
1. Buy on the current market price.
Targets:
1. 1.06650 (Fibonacci 0.5 and Falling Resistance limit).
Tips:
1. The RSI (4H) is rebounding after almost hitting the oversold level. This indicates a probable bullish reversal.
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The MA50 (1D) is under it as an additional layer of Support, holding since November 10th.
Trading Plan:
1. Buy on the current market price.
Targets:
1. 1.06650 (Fibonacci 0.5 and Falling Resistance limit).
Tips:
1. The RSI (4H) is rebounding after almost hitting the oversold level. This indicates a probable bullish reversal.
Please like, follow and comment!!
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