EURUSD – Up
EURUSD is presently in the process of forming the minor corrective wave „b.“ The market has displayed a double bottom formation at the level of 1.0899, which is typically considered a bullish reversal pattern. This double-bottom formation acts as a confirmation of potential buying opportunities. Based on this analysis, a buy order can be considered with a take profit target set at the level of the minor corrective wave „b“ at 1.0955. It is advisable to place a stop loss order at 1.0891 to manage potential downside risk.
Trade Recommendation:
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