We're in a bullish correction | 02 October 2023
02 October 2023, EUR/USD
EURUSD is currently in a bullish corrective phase, with the market forming the ABC corrective pattern. As observed in the chart above, the price is currently in the process of forming the minor corrective wave 'a,' and our target for this wave is the resistance zone at 1.0742. We anticipate the price to rise, reaching at least 1.0742 (minor wave 'a'). You can consider placing a long position now, with your profit target set between 1.0700 and 1.0742. Please ensure that you use proper risk management.
Trade Recommendations:
We're in a bullish correction
The author's opinion reflects their personal view and is not an investment recommendation. The company is not responsible for any trading results based on the provided analytical data.
