We're long | 31 May 2023
31 May 2023, EUR/USD
EURUSD is moving just as we had predicted in our previous analysis (30/5/2023). The price is in a corrective phase, following the ABC pattern. It is currently forming a descending falling wedge pattern, which is a bullish pattern. I expect this pair to drop down to 1.0713, form a double bottom, and then rise up to our target for minor wave "a" at 1.0813. We will wait for the market to form a double bottom before entering a buy trade. Ensure you use proper risk management since the market can be very volatile.
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.
