Bullish Reversal: Double Bottom Breakout Targeting 1.1850EUR/USDOANDA:EURUSDAli_analyticsThe EURUSD has recently printed a significant local bottom near the 1.1660 level, forming a Double Bottom/Complex Inverse Head and Shoulders structure. After a sharp decline, the price is now showing signs of accumulation and is starting to print higher lows. We are currently seeing the price trade above the immediate minor resistance, suggesting that the momentum is shifting from the bears to the bulls. The Setup Current Price Action: The price has successfully bounced off the 1.1680–1.1700 zone and is currently testing the 1.1740 level. Confirmation: A break and hold above the local peak (the "white line" path) will confirm the trend shift. Stop Loss (SL): Positioned at 1.17179, just below the most recent higher low to protect against a false breakout. Price Targets Target 1 (1.17910): This aligns with previous structural resistance and the neckline of the broader corrective phase. Expect some profit-taking or a minor pullback here. Target 2 (1.18534): The primary objective, representing a full recovery to the April swing highs. Trade Parameters Table ParameterValue Entry Zone1.1740 - 1.1750 Stop Loss1.17179 Take Profit 11.17910 Take Profit 21.18534 Risk/RewardApprox. 1:4 (to Target 2) This is not financial advise