Wait | 27 Abril 2023
27 Abril 2023, EUR/USD
Yesterday (26/4/2023), EURUSD experienced a bullish trend for the better part of the day. However, the market is still in a corrective phase. The market dropped down to a major zone/Support zone at 1.0969, was rejected, and then reversed to the minor corrective wave "B" zone at 1.1057. At this point, the price has formed a double top, which is a bearish reversal pattern, confirming that this pair is going to drop. We can now place sell orders with a target of 1.0969-1.0829. Lastly, it should be noted that if the price breaks above 1.1057, this setup will be invalidated.
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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.
