EURUSD – Up
EURUSD is currently exhibiting an impulsive phase. The market is in the process of forming the impulsive major wave „v,“ which, upon its completion, will signify the end of the impulsive phase. Additionally, the market is currently forming an expanding wedge pattern, which is considered a bullish flag pattern. Based on this analysis, it is suggested to consider placing a buy order at the current market price. However, it is important to exercise caution and implement proper risk management techniques. Setting a take profit target at 1.1056 and a stop loss at 1.0869 can help mitigate potential losses and secure profits.
Trade Recommendations:
We’re long
You may check other analytical reviews on FreshForex website. Source: freshforex.com.
