EURUSD – Up
EURUSD is moving to the upside. The market is currently bearish, and the market is in a corrective phase (ABC corrective pattern) .formed an ascending wedge pattern which is a bearish pattern from the beginning of the major impulsive wave (I),0.9730 to the end of the major impulsive wave (5),1.1031. The market has broken below the lower trendline of this ascending wedge pattern and is currently dropping. I expect this pair to buy probably up to 1.0698 and then drop up to minor corrective wave c. If you have any open buy trade, place your take profit at 1.0698.
We’re looking for sell positions towards 0.98
You may check other analytical reviews on FreshForex website. Source: freshforex.com.