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We're waiting for a low risk buy position

We're waiting for a low risk buy position | 28 August 2023

28 August 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

Bob Stan
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