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We're long | 14 April 2023

14 April 2023, EUR/USD

Since the beginning of this week (10/4/2023), EURUSD has been very bullish. Based on the chart above, it can be observed that the market has been moving in an impulse and correction pattern, starting from the major wave (IV) 1.0836. Currently, the market has formed a symmetrical triangle pattern at 1.1016, which is considered a bullish continuation pattern. It is expected that this pair will increase in value up to 1.1137, which will signal the end of the impulsive phase. However, if the price falls below 1.1043, this setup will be invalidated.

Trade Recommendations:

We're long

Bob Stan
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