We're buyers | 04 Julio 2023
04 Julio 2023, EUR/USD
EURUSD is currently in an i
mpulsive phase, indicating a strong upward trend. The market is forming the impulsive major wave "V," which, upon completion, will mark the end of the impulsive phase and potentially the beginning of a corrective phase. Additionally, a descending channel pattern has formed, which is considered a bullish reversal pattern. Anticipating a reversal, I expect the market to form a double bottom around 1.0835 and then reverse upwards with strong momentum towards the target of 1.1244, representing the completion of the major wave "V".
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.
