We're in a bullish pullback mode | 05 Octubre 2023
05 Octubre 2023, EUR/USD
EURUSD is currently in a bullish corrective phase. We can see from the chart above that for the better part of yesterday (10/5/2023), the price was moving impulsively to the upside. The market is currently forming the corrective ABC pattern. From the chart above, we can see that the price is forming the minor corrective wave 'a,' with our target set at the resistance zone of 1.0742. We expect the price to rise at least up to 1.0742. You can place a long position now with your profit target set between 1.0700 and 1.0742.
Trade Recommendations:
We're in a bullish pullback mode
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.
