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We're long | 12 July 2023

12 July 2023, EUR/USD

EURUSD is currently in a corrective phase, as indicated by the chart. The market is currently forming the minor wave "c". Notably, the market is exhibiting an ascending channel pattern, typically associated with bearish reversal signals. Despite this, my expectation is for a temporary rise, targeting a level of at least "1.1075", which we have identified as our minor wave c target. Consequently, you may consider placing a buy order at the present market price, with a take profit set at "1.1075".

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We're long

Bob Stan
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