@aisha1985 on EURUSD | PriceONN Community

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A
aisha1985 PRO newbie
EURUSD Mar 3
I'm observing a potential double bottom forming around the 1.1600 level on the EURUSD charts. Has anyone else noticed this? If it confirms, could this signal a possible reversal of the current bearish trend? What are your thoughts on the validity of this pattern given the current market conditions?
EURUSD

Replies (1)

A
aisha1985 PRO newbie Mar 3
Update: the price seems to be consolidating just above 1.1610. I am still unsure if this is a fakeout before another dip or a genuine reversal attempt. Need to analyze the volume more closely.
EURUSD 1.16316 +0.01%
GBPUSD 1.34411 -0.16%
USDJPY 159.87250 +0.00%
XAUUSD 4,470.91 -0.37%
XAGUSD 73.49 -2.14%
BTCUSD 62,681 -7.26%
SP500 6,572.87 +0.74%
BRENT 99.47 +0.60%
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