Waiting for bullish pullback | 08 Febrero 2023
08 Febrero 2023, EUR/USD
EURUSD has been on an uptrend since last week, The market formed an ascending channel, which is expanding in nature from (1.0730) to a major impulsive wave (V),(1.1024). And as we can see on the chart above the price has already broken out of the lower trendline of this channel impulsively. The market is currently moving in form of a minor corrective 3-wave pattern. The price is currently at minor corrective wave a (1.0664). I expect the market to buy from this point,(1.0664) up to around (1.0886) then drop. we will mark (1.0886) as our minor corrective wave b.
Trade Recommendations:
Waiting for bullish pullback
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.
