EURUSD – Up
EURUSD is currently bullish (short term) probably up to 1.0822. The market is in a corrective phase which is ABC’s corrective pattern. This pair has formed an expanding wedge (A bearish pattern).From 1.0798 to where the price is as of now 1.0785. We already have three multi-touch confirmations of the upper trendline of this expanding wedge. The price is likely to drop from 1.0831 up to 1.0524. You can open sell orders now with your profit target at 1.0524. Lastly, should the price break above 1.0831 this setup will be invalidated.
Trade Recommendations:
We/re short
You may check other analytical reviews on FreshForex website. Source: freshforex.com.
