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We're waiting for a bullish correction.

We're waiting for a bullish correction. | 03 October 2023

03 October 2023, EUR/USD

EURUSD is currently in a bullish corrective phase since the price has completed forming the impulsive V-wave pattern. The market is presently shaping the corrective ABC pattern. Currently, from the chart above, we can see that the price is forming the minor corrective wave 'a,' and our target for it is the resistance zone at 1.0742. We expect the price to rise, reaching at least 1.0742. You can consider placing a long position now with your profit target set between 1.0700 and 1. 0742.Use proper risk management.

Trade Recommendations:

We're waiting for a bullish correction.

Bob Stan
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