It Looks Like A Double Bottom

As I feared EUR/USD reached the support level around 1.2350 after its drop on Friday and bounced off of it. At this point nothing is certain – at the moment it positively looks like it has formed a double bottom but apart from that there are no other signals that a new movement to the upside is about to begin. Or it could just be testing the support before breaking below it. Considering the situation I think it would be prudent to wait for it to break below the support at 1.2350 before selling again.