EURUSD Higher Lows

EURUSD has pushed nicely higher, forming new highs and higher lows after bouncing from what look to be a small double bottom at  1.2330. On the way down from 1.3000 to 1.2300 and so far in the last couple of days EURUSD is moving inside relatively equal trading zones, 1.3000-1.2750, 1.2750-1.2500, 1.2330-1.2580, 1.2450-1.2840 and now with an intraday swing low at 1.2625 we can look at 1.2975-1.3000 as the next bullish target.

EURUSD has pushed nicely higher, forming new highs and higher lows after bouncing from what look to be a small double bottom at  1.2330. On the way down from 1.3000 to 1.2300 and so far in the last couple of days EURUSD is moving inside relatively equal trading zones, 1.3000-1.2750, 1.2750-1.2500, 1.2330-1.2580, 1.2450-1.2840 and now with an intraday swing low at 1.2625 we can look at 1.2975-1.3000 as the next bullish target. Simple patterns like this one will more than often produce more than decent returns for a relatively small risk.

 

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