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We're in a range for now

We're in a range for now | 15 June 2023

15 June 2023, EUR/USD

EURUSD has followed the predicted trajectory outlined in the previous analysis (dated 6/14/2023). The market has completed the impulsive phase and has now transitioned into a corrective phase. Observing the chart, we can identify that the market is currently at the level of minor wave 'a' at 1.0800. The expectation is for the market to reverse its direction and begin an upward correction, potentially forming a rising wedge pattern. The target for this minor corrective wave is projected to be at 1.0863.

Trade Recommendations:

We're in a range for now

Bob Stan
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