We're waiting for buy positions for now | 17 October 2023
17 October 2023, GBP/USD
EURUSD is currently in a bullish corrective phase. The market is moving in the form of the ABC corrective pattern. The market is currently forming the corrective ABC pattern. Currently, from the chart above, we can see that the price is forming the minor corrective wave 'a,' with our target at the resistance zone of 1.0742. We expect the price to rise at least up to 1.0742. You can place a long position now, with your profit target at 1.0700-1.0742. Note that this setup will be invalidated should the price break and close below the support zone of 1.0454.
Trade Remmendations:
We're waiting for buy positions 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.
