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Excerpt from:  Forex Analysis
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April 17, 2008

Forex Trading Strategy: Euro/Yen

Euro could reach 165 yen during currency trading in coming weeks
double bottom forex trading, currency trading FX market, forex trading blog, forex trading strategy, forex trading euro/yen, yen currency trading, euro currency trading, currency trading FX market
Forex trading strategy should consider that euro/yen could reach 165 in the coming weeks. The yen is struggling against the euro in currency trading on the FX market.

The move, some analysts think, is likely to come on what is known as a double bottom. Bloomberg explains a double bottom in forex trading:

A double bottom forms when a currency falls, rises and then drops back to the earlier price. The formation may indicate a currency has held its support level and may rebound. Support is a price where traders may place buy orders.
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Topic Tags:  currency trading FX market, double bottom forex trading, euro currency trading, forex trading blog, forex trading euro/yen, forex trading strategy, yen currency trading
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