EUR/USD currency pair managed to make a bullish wave in the last 3 days after bounce of the lower limit of the daily triangle and support level 1.4100
Now the pair is approaching the upper limit of the bearish channel and the resistance level 1.4450-1.4500 .
We need to see clear closure outside the channel and above the resistance level to ensure continuity of the upside movement towards 1.4700 at least .
We have a confirmed double buttom pattern .
The last few candles managed to break its neck line at 1.4440 , now the pair is targetting 1.4500 , 1.4550 , 1.4625 .
This pattern has a target of about 300 pips ; up to to the last top at 1.4700-1.4750
In general , Area 1.4400-1.4440 is a good BUY area with TP at 1.4500 , 1.4550 , 1.4625 .
SL for Long positions should be 4H closure below 1.4400
