We're buyers | 10 Abril 2023
10 Abril 2023, EUR/USD
EURUSD has been bullish since last week, and I expect this trend to continue until the end of this week. The market is currently in a corrective phase, following an ABC corrective pattern. As shown on the chart, the market has formed a descending channel which is a bullish continuation pattern, stretching from minor corrective wave "A" at 1.1029 to minor corrective wave "B" at 1.0524. Additionally, a small ascending channel has formed, indicating a bearish reversal pattern. I anticipate the price to drop slightly, reaching as low as 1.0851, before continuing to rise towards 1.1602.
Trade Recommendations:
We're buyers
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.
