We're long for now | 13 April 2023

13 April 2023, EUR/USD

We're long for now

EURUSD has been bullish for the better part of yesterday (12/4/2023). Currently, the pair is forming the impulsive minor wave C, visible on the chart above. The market has formed a descending channel, which is a bullish continuation pattern, stretching from minor corrective wave "A" at 1.1029 to minor corrective wave "B" at 1.0524. This suggests that the pair is expected to maintain its bullish stance in the next few days, with a projected rise to at least 1.1602, the endpoint of minor wave C. You can still place buy orders now with your tale profit at 1.1602.

Trade Recommendations:

We're long for now

Bob Stan
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