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We're still long from the previous analysis

We're still long from the previous analysis | 11 Tháng bảy 2023

11 Tháng bảy 2023, EUR/USD

EURUSD formed a double bottom at 1.0945 and is displaying a strong bullish trend, aligning with our previous analysis on 10/7/2023. This pair is still in the corrective phase(ABC corrective pattern) The market is presently forming the minor wave "c", signaling the conclusion of the corrective phase. Our projection is for further buying activity, with a target of at least 1.1011. However, it is important to exercise caution and refrain from initiating new buy trades at this time, as the market carries increased risk.

Trade Recommendations:

We're still long from the previous analysis

Bob Stan
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