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Wait | 02 August 2023

02 August 2023, EUR/USD

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The market is currently at major outer wave 'IV', 1.0955. As we can see from the chart above, the zone at 1.0955 is a support level, and typically at support zones, the market reverses to the upside. Therefore, EURUSD is likely to be bullish, at least for the next 24 hours. We expect the price to rise from this zone, reaching at least up to 1.1411. Please note that this is our target for major outer wave 'V'. You can place a buy order now, take a profit at 1.1411, and stop the loss at 1.0950. Use proper risk management.

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Bob Stan
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