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We're sellers for now | 29 March 2023

29 March 2023, EUR/USD

EURUSD is still bullish in short term though. The price has broken above a minor zone/Resistance zone impulsively at 1.0831. Again, the market is in a corrective phase which is ABC's corrective pattern. This pair has formed an expanding wedge which is a bearish pattern from 1.0798 to where the price is as of now 1.0841. I expect this pair to buy up to 1.0895. The price is likely to form a bearish reversal pattern at this zone, either a double top or a triple top. From 1.0895 I expect the market to drop at least up to 1.0393.

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We're sellers for now

Bob Stan
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