19 мая 2023, EUR/USD
EURUSD has completed the formation of the impulsive wave pattern. The market is currently at the level of the major impulsive wave (V) at 1.0761. Over the past few days, the general trend of this pair has been bearish, as evidenced by the chart displaying lower lows and lower highs. Additionally, a descending channel has formed from the beginning of the major impulsive wave (I) at 1.1091 to the end of the impulsive wave (V) pattern at 1.0761. This descending channel suggests a potential bullish reversal pattern. Therefore, I anticipate a bullish trend from this point onward, target at 1.0851.
Trade Recommendations:
We're long
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