Wait | 02 Junio 2023
02 Junio 2023, EUR/USD
EURUSD is still undergoing a corrective phase, following the ABC corrective pattern. The market is currently at the minor wave "a" level of 1.0767, which also coincides with a significant zone of resistance. I anticipate that the market will form a double-top pattern at this zone, followed by a corrective decline, possibly in the form of a falling wedge, targeting our minor corrective wave "b" at (1.0696). We will wait for the market to form the double top pattern before considering sell trades.
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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.
