EURUSD – Up
EURUSD is currently at a minor zone/resistance zone, at 1.0910. The market is currently in a corrective phase, displaying an ABC corrective pattern. This pair has formed an expanding wedge, which is a bearish pattern starting from 1.0666. It is expected that the market will form a double top or any other bearish reversal pattern at 1.0910 and then drop to at least 1.0393. However, if the market breaks above 1.0910, this setup will be invalidated. To take advantage of this situation, you can place a sell stop at 1.0892 with your take profit set at 1.0910.
Trade Recommendations:
We’re sellers
You may check other analytical reviews on FreshForex website. Source: freshforex.com.
