We're looking for buy positions towards 1.08 | 15 Marzo 2023
15 Marzo 2023, EUR/USD
EURUSD is in an uptrend, and the market is in a corrective phase (ABC corrective pattern). The market formed a descending channel from 1.0936 to 1.0651. Since the market has broken above the upper trendline of this channel, we are now sure that the trend has changed and the market is now in a bullish trend. Currently, the market is very bullish, the price broke above a major zone/resistance zone at 1.0687 impulsively and now the market is likely to drop up to 1.0687. You can enter more buy trades now (at most three trades) with proper risk management.
Trade Recommendations:
We're looking for buy positions towards 1.08
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.
