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wait | 24 August 2023

24 August 2023, EUR/USD

The market is currently in a corrective phase, as it has completed the formation of the Impulsive 'V' wave pattern. The market is currently at a support zone of 1.0802. We expect the market to be bullish and anticipate a move to the upside in the form of a corrective 'ABC' pattern, with our target at 1.1042. This is where we expect the corrective phase to conclude. If you wish to take a short position, you can set the target range at 1.0897-1.1042.Ensure you use a proper risk management.

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Bob Stan
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