EURUSD – Up
The price is attempting to rise again. It’s understandable, given that the pressure exerted by sellers has stretched out, and every tolerance threshold is reaching its limit. Now, there is a good opportunity for buyers to respond to sellers, and this could mark the beginning of a corrective uptrend.
It is believed that this rise will be part of a zigzag, a common corrective pattern, and will likely be followed by a downward movement afterward. Thus, it makes sense to seize this opportunity and open buy trades at the current market levels.
Investment Idea: Buy 1.0825, Stop Loss 1.0800, Take Profit 1.0950.
You may check other analytical reviews on FreshForex website. Source: freshforex.com.
