Eurodollar double bottommed? ready for a trend change?
Good morning. Euro/Dollar seems to have found its double bottom and broke out of the local downtrend. Price allready did a retest of the trendline on smaller timeframes. I think we are good for a small run at least. higher time frame RSI were quite bottommed (12hr/1d). Clear confirmation for me would be break out of the pitchfork but Im cautiously bullish. if we go up don't see really big resistance till 1.5100 or so.
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I have some order around the neckline and 50%
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slightly diverging on the 1hr lets see
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stopped out
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Pretty bullish.. tested the trendline and the 1.0 pitchfork breakout