We continue to maintain our bullish posture on the pair. The EURUSD appears to have carved out a higher double bottom at the 1.4450 level and for the near term that remains the reference point for risk with no visible resistance until the 1.4700 level. Our long term risk on the pair is at 1.4364 and as longs as that level is not breached the bias is to the upside.
Al Bawaba
