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Waiting for bullish pullback

Waiting for bullish pullback | 08 February 2023

08 February 2023, EUR/USD

Waiting for bullish pullback

EURUSD has been on an uptrend since last week, The market formed an ascending channel, which is expanding in nature from (1.0730) to a major impulsive wave (V),(1.1024). And as we can see on the chart above the price has already broken out of the lower trendline of this channel impulsively. The market is currently moving in form of a minor corrective 3-wave pattern. The price is currently at minor corrective wave a (1.0664). I expect the market to buy from this point,(1.0664) up to around (1.0886) then drop. we will mark (1.0886) as our minor corrective wave b.

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Waiting for bullish pullback

Bob Stan
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