EUR/PLN 1H Chart: Double Bottom

Euro-zloti is signalling recovery of the pair. This is main underlying assumption of Double Bottom pattern (pair fails to reach new low and gradually returns to the previous levels). At the moment it is trading at the pattern's resistance, therefore we could expect some bearishness, most likely in the form of price correction. However, as short and medium term technicals suggests pair should appreciate further. Long term technicals raises some questions, especially due to the fact  that signal is almost unanimous. It might be that this long term pressure coming from 4.29 which caused some issues in the early stages of the pattern.