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We're waiting for a bullish correction

We're waiting for a bullish correction | 06 October 2023

06 October 2023, EUR/USD

We're waiting for a bullish correction

EURUSD is currently experiencing a bullish corrective phase. The chart above illustrates an impulsive upward movement in the price. The market is currently shaping the corrective ABC pattern. As shown in the chart, the price is currently forming the minor corrective wave 'a,' with our target set at the resistance zone of 1.0742. We anticipate the price to rise, reaching at least 1.0742. You can consider initiating a long position now, with your profit target ranging between "1.0700" and "1.0742".

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We're waiting for a bullish correction

Bob Stan
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