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We're waiting for a sell around 1.0710

We're waiting for a sell around 1.0710 | 21 March 2023

21 March 2023, EUR/USD

We're waiting for a sell around 1.0710

EURUSD is moving impulsively to the upside. 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 within this wedge pattern. I expect the market to buy up to 1.0750 then form a double top and then drop up to 1.0103.

Trade Recommendations:

We're waiting for a sell around 1.0710

Bob Stan
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