FOREX TRADING - EURUSD - Midday Report OUTLOOK September 1, 2010

 FOREX TRADING - EURUSD - Midday Report OUTLOOK September 1, 2010EURUSDEuro
Midday ReportThe pair strongly rushed to breach the stop level from this morning’s expectations at 1.2770, forming by that a bullish pattern. This level has formed the neckline for the double bottom pattern as seen above. In return, momentum indicators are showing oversold signs that may cause fluctuations today;