Technical analysis one to three month outlook for EUR/USD via Société Générale

EUR/USD has developed additional bullish signs after breaking above massive double bottom pattern with confirmation level at 1.1715/1.1610.

Short term, it has achieved first significant target at 1.1875/1.1913 consisting of 2010 lows.

Next crucial hurdle will be close to 2012 lows of 1.2043/67

(note dated August 18)