EURUSD recently bounced off a multi year trendline support and currently forming a double bottom pattern on the 4 hour TF with the second low being a higher low. If price reclaims 1.11100 level which coincides with a recent broken down trendline support on the daily TF, it may signal a takeout which may push this pair higher. This level is also in confluence with a downward trendline, we need a break above this trendline for further confirmation.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.