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We're long | 31 May 2023

31 May 2023, EUR/USD

EURUSD is moving just as we had predicted in our previous analysis (30/5/2023). The price is in a corrective phase, following the ABC pattern. It is currently forming a descending falling wedge pattern, which is a bullish pattern. I expect this pair to drop down to 1.0713, form a double bottom, and then rise up to our target for minor wave "a" at 1.0813. We will wait for the market to form a double bottom before entering a buy trade. Ensure you use proper risk management since the market can be very volatile.

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We're long

Bob Stan
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