AUTOREFRESH 
Short-term moving averages spooling up
By Jamie Coleman || March 9, 2010 at 16:33 GMT
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The shorter-term moving averages on the daily charts are spooling up, suggesting a larger move lays ahead in the coming weeks. Combined with signs that EUR/USD is trying to put in a “rounding bottom” on the daily charts, trend followers will closely watch for a cross of the 10-day moving average (today at 1.3599) and the 21-day moving average just above at the 1.3620 level.
In the shorter-term, a move above the 1.3705 level would trigger my favorite pattern, the double-bottom (from 1.3530/37), suggesting a rally to 1.3870 or so..
If the short-term pattern plays out, odds are the longer one will too. Below 1.3530, the souble bottom will be defunct.
When I’m not trading forex, I’m doing business training – but I realize that the job you guys do is wayyyy harder!!
Jamie, do you think that the “rounding-bottom” bodes well for a run top-side, as some of the “old timers” have been predicting?
Could be, yeah