It Was A Double Bottom After All

EUR/USD really did form a double bottom at the daily filter chart after all. Not only that, but it formed a marubozu candlestick as well. 1.2350 is proving to be a pretty strong support level. Considering all this it looks like the pair is headed at least for 1.2570, maybe even 1.2600. I wonder, however, whether this really is not the beginning of a more long-term correction. So far the bearish trend seemed ready to continue, but as I mentioned above, the support around the 1.2350 level is proving to be quite strong.