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We're waiting for a corrections

We're waiting for a corrections | 28 September 2023

28 September 2023, EUR/USD

We're waiting for a corrections

EURUSD has completed forming the impulsive 'V' wave pattern, and currently, as seen in the chart above, the price is at a major impulsive outer wave 'V' at 1.0499, which serves as the support zone. We anticipate the price will make an impulsive move to the upside, forming a corrective 'ABC' pattern. You can consider placing a long position at 1.0531, with a profit target in the range of 1.0692 to 1.0752. Lastly, please note that this setup will only be invalidated if the price makes an impulsive break and closes below 1.0499.

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We're waiting for a corrections

Bob Stan
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