Look for buy orders for now | 24 May 2023

24 May 2023, EUR/USD

EURUSD has been bearish since the beginning of this week; however, we anticipate a shift toward a bullish trend in the near future. The market is currently in a corrective phase, with the price reaching the zone of the minor corrective wave "B" at 1.0762. At this zone, a double bottom pattern, which is a bullish reversal pattern, has formed. Based on this pattern, we expect the market to experience buying pressure, potentially driving the price towards our minor wave c target at 1.0921. You may consider placing a buy order now, with a take profit set at 1.0921 and a stop loss at 1.0743.

Trade Recommendations:

Look for buy orders for now

Bob Stan
¿De acuerdo con la revisión?
Opinión de los comerciantes:
Close
Iniciar sesión
Su navegador no admite cookies. Si la cookie está desactivada en su navegador de Internet, es posible que tenga problemas con la representación del área Personal. Cómo habilitar el soporte para cookies.