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Wait | 01 August 2023

01 August 2023, EUR/USD

EURUSD has been bearish since the beginning of this week (7/31/2023). Currently, the market is at inner corrective wave 'IV' at 1.0962. We expect a bullish move to the upside, reaching up to 1.1768. Please note that this zone is our target for the major outer impulsive wave 'III'. Lastly, if the market breaks below 1.0962, which is a support zone, this setup will be invalidated. You can place a buy order now with your take profit set at 1.1768 and your stop loss at 1.0902. Ensure you use proper risk management.

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Bob Stan
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