We're waiting for a low risk buy position | 28 Agosto 2023
28 Agosto 2023, EUR/USD
EURUSD: The market has completed forming the Impulsive 'V' wave pattern. The price is currently at a support zone of 1.0765. We expect the market to be bullish and anticipate an upward move in the form of a corrective 'ABC' pattern, with our target at 1.1042. This is where we expect the corrective phase to end. You can consider placing a long position with the target range of 1.0928-1.0943. Please note that this setup will be invalidated if the price breaks below 1.0765. Ensure you use proper risk management.
Trade Recommendations:
We're waiting for a low risk buy position
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.
