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We're buyers | 11 January 2023

11 January 2023, EUR/USD

Wave Analysis

EURUSD has been on an uptrend for the past few days, it tends to be forming an impulsive 5wave pattern the market is currently at major impulsive wave IV,1.04821, and it moved from major wave III,1.07306 to major wave IV, 1.04821 in the form a corrective channel, this is a clear sign that buyers are still in control and I expect an impulsive move from 1.07040 to the upside up to 1.10463 to complete an impulsive 5wave pattern. You can place a buy order at the break of major wave III , with your stop loss at 1.05633, and take a profit at.1.011071.

Trade Recommendation We're buyers

Bob Stan
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