EUR/USD Double Bottom?

[frumnat]

Hello all, I was just wondering... Is EUR/USD showing a double bottom now, and that means there's upside bias for EUR?

 

[Pippy5000]

The monthly outside reversal posted today is bullish.. I can see Euro going to mid 1.38s before tanking and taking out that double bottom, although that's not really a double bottom.. there's about a 200 pip difference in the bottoms..

 

[jeffsmith]

Breaking up the trend line will confirm the ascending scenario with targets towards the region of 1.3590, followed by 1.3700. The CCI indicator is in the overbought zone and downwards on the 4 hour chart, suggesting secondary minor descending signals.
Technical resistance levels: 1.3590 1.3700 1.3830
Technical support levels: 1.3380 1.3230 1.3100

Trading range: 1.3640 - 1.3605
Trend: Upward
Buy at 1.3554 SL 1.3524 TP 1.3594