Double bottom possible in EUR/USD

11 Responses to “Double bottom possible in EUR/USD”

1. Emilio on February 26th, 2010 16:37 GMT
   

   Jamie. Sometimes I would like to share a chart but the only way I can come up with is a screen caputre but because of the low res it comes blury. Any indication of some software I could use?
2. Jamie Coleman on February 26th, 2010 16:38 GMT
   

   I use something called SnagIt. Pretty inexpensive and works great…
3. Emilio on February 26th, 2010 17:01 GMT
   

   Hey Thanks. It made me think and I found “ScreenHunter” which is free.

   Here is what I am looking at:

   http://www.pict.com/view/2967825/800/screenhunter04feb
4. Valeriano Corallo on February 26th, 2010 17:49 GMT
   

   Dear sir
   i know maybe i’m dumb, but I can’t figure out hou did you went to the 1,3942 number…could you please give me the reasons?
   Thanks a lot
   P.S. I really like your site…
5. Dave on February 26th, 2010 17:58 GMT
   

   Or is it a double top now??? LOL
6. Dan on February 26th, 2010 18:08 GMT
   

   I think you might be right Jamie. The market is way over sold, EUR daily MACDs turing up. We could be in for a major short squeeze.
7. JR on February 26th, 2010 18:13 GMT
   

   Next week is going to start with Mutual Fund Monday, which should be bearish for the dollar and it is going to end with Non-Farm Payrolls, which should also be bearish for the dollar. In between, Germany plans for a bailout Greece should become clearer, which should be (short-term) bearish for the dollar…
8. Jamie Coleman on February 26th, 2010 18:13 GMT
   

   Sure. If EUR/USD were to break above the 1.3693 level (the top between the two bottoms near 1.34450), the measured-move (the number of pips between 1.3445 and 1.3693 is 249. add 249 pips to 1.3693 and you get 1.3942.
9. Valeriano Corallo on February 26th, 2010 18:32 GMT
   

   Ok Jamie thanks. But we did not went to this value, and in between we still have many resistances, like the 1.3680 that did not fail today (or at least the strong hands buying decided they had enough..), and then 1.3740 and 1.3780 (this one was stopping on Feb 16-17 rally) and 1.3850 (…and then you may add the silliness of several european politicians and the debt od the countries that will definitely help to keep the Euro down…)
   so let’s see what happens. Thanks a lot
10. miki on February 26th, 2010 18:34 GMT
    

    hi jamie, the double bottom your refering to in the eur/usd is the 6hr chart ??
11. Forex Double Bottoms on March 3rd, 2010 17:46 GMT
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