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We're sellers | 20 March 2023

20 March 2023, EUR/USD

EURUSD has been bearish since the beginning of this month. Currently, the market is bullish (Short term), and the market is in a corrective phase (ABC corrective pattern) The market formed an ascending wedge pattern which is a bearish pattern from the beginning of the major impulsive wave (I),0.9730 to the end of the major impulsive wave (5),1.1031. Again the market has also formed an expanding wedge from minor corrective wave a,(1.0534), the price is still moving within this wedge pattern, this is a bearish pattern. I expect the market to buy up to 10691 and then then drop up to a minor corrective 1.01103, this zone is our minor wave c target.

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We're sellers

Bob Stan
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