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We're buyers for now

We're buyers for now | 14 June 2023

14 June 2023, EUR/USD

We're buyers for now

EURUSD is currently moving in line with the previous analysis, still in an impulsive phase. The chart shows the formation of a falling wedge pattern, which is generally considered a bullish reversal pattern. According to this analysis, we expect the price to drop slightly, potentially reaching around 1.0773, and then reverse to the upside. Furthermore, we anticipate the market to form a double bottom at 1.0773 before the reversal occurs. We will wait for the market to form the double bottom pattern before placing buy trades.

Trade Recommendations:
We're buyers for now
Bob Stan
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