We're waiting for a buy | 21 February 2023

21 February 2023, EUR/USD

EURUSD is currently bearish. The market is currently in a corrective phase, the market is moving in form of a corrective 3-wave pattern. This pair formed an expanding wedge from minor corrective wave a,(1.0668) to minor corrective wave b,(1.0801), and as we can see on the chart above the market has already broken below the lower trendline of this channel. Again, the market is forming an inverse head and shoulder pattern, this is a bullish pattern. I expect the price to move lower up to 1.0653, to form the right shoulder. From 1.0653, I expect this pair to buy up to 1.0795 and then drop up to our minor corrective wave c (1.0454).

Trade Recommendations:

We're waiting for a buy

Bob Stan
Agree with the review?
Traders' opinion:
Close
Log in
Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with accessing Client Area. How to enable cookie .
manager photo manager photo
Online-support
We will be pleased to answer any questions you may have

Write

Get bonus