EURUSD Double Bottom with the MA100 (1D) supporting.

2023年3月8日

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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