The Currency Pair is expected to move high; a breakout can be seen in the currency from a double bottom formation. We expect the breakout to take place in the coming day on high volume. Double Bottom Formation is a reversal pattern where we expect the breakout on the upside. Failure Rates are not so high and the expected target is also good.
The RSI has shown a breakout.
The DMI+ has crossed DMI- and we expect the DMI + to trade higher which will confirm the uperward move.
