Thursday 5 June 2014

EURUSD Renko Analysis - Alternate View (Double Bottom Scenario)

Not much of time to publish charts, but from the previous post here, an alternative view would be that of a break of the second ascending triangle. If 1.3526 gives way, the next support comes in at 1.3376.

This sets the tone for a double bottom (if it holds) which gives further upside target to 1.44/1.45

For now, watching!!!

EURAUD: Moving targets to the H&S level at 1.458 if there is a bullish retracement to the downtrend after a tap of this level.

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