EURUSD – Up
EURUSD remains in an impulsive phase, and we have observed the formation of a falling wedge pattern, which typically indicates a bullish continuation. To enter a buy trade, we will wait for the market to break above the upper trendline of the falling wedge, which may occur around 1.0933. However, it’s important to note that the market is currently experiencing a drop, and we anticipate it to reach around 1.0844, forming a potential double-bottom pattern. Following this, we expect a strong upward reversal. Therefore, it is recommended to wait for the breakout and subsequent confirmation before considering a buy trade.
Trade Recommendations:
We’re buyers for now
You may check other analytical reviews on FreshForex website. Source: freshforex.com.
