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Forex technical analysis: EURUSD double bottom, resistance above holds

Discussion in 'Technical Analysis' started by ForexLive, Nov 20, 2015.

  1. ForexLive

    ForexLive Forum Member

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    Trading with a bearish bias but not in a hurry The EURUSD corrected higher today after bouncing off the lows from yesterday in Asian-Pacific trading. The peak - reached in the European morning session - extended right to the top of the ceiling (well it broke that level by a pip and a half) at the 1.0683-905 area. That area was defined by the swing lows on Nov 12 and Nov 16, broken and held on November 17th.

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