We're long | 14 April 2023
14 April 2023, EUR/USD
Since the beginning of this week (10/4/2023), EURUSD has been very bullish. Based on the chart above, it can be observed that the market has been moving in an impulse and correction pattern, starting from the major wave (IV) 1.0836. Currently, the market has formed a symmetrical triangle pattern at 1.1016, which is considered a bullish continuation pattern. It is expected that this pair will increase in value up to 1.1137, which will signal the end of the impulsive phase. However, if the price falls below 1.1043, this setup will be invalidated.
Trade Recommendations:
We're long
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.
