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RBS: double bottom in EUR/USD

Analysts at RBS believe that the double inability of EUR/USD to break below 1.2360 indicates a possibility of a double-bottom formation. They forecast a bounce towards 1.2600 and then – to 1.2750 and 1.2840 should the pattern materialize.

"However, a break below 1.2358 would cancel the view for a bounce and target 1.2043," RBS adds.



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