We're buyers for now | 14 June 2023
14 June 2023, EUR/USD
EURUSD is currently moving in line with the previous analysis, still in an impulsive phase. The chart shows the formation of a falling wedge pattern, which is generally considered a bullish reversal pattern. According to this analysis, we expect the price to drop slightly, potentially reaching around 1.0773, and then reverse to the upside. Furthermore, we anticipate the market to form a double bottom at 1.0773 before the reversal occurs. We will wait for the market to form the double bottom pattern before placing buy trades.
Trade Recommendations:
We're buyers for now
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.
