We're waiting for a sell around 1.0710 | 21 Marzo 2023
21 Marzo 2023, EUR/USD
EURUSD is moving impulsively to the upside. The market is bullish (Short term), and the market is in a corrective phase (ABC corrective pattern) The market formed an ascending wedge pattern which is a bearish pattern from the beginning of the major impulsive wave (I),0.9730 to the end of the major impulsive wave (5),1.1031. Again the market has also formed an expanding wedge from minor corrective wave a,(1.0534), the price is still within this wedge pattern. I expect the market to buy up to 1.0750 then form a double top and then drop up to 1.0103.
Trade Recommendations:
We're waiting for a sell around 1.0710
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.
