25 Agustus 2023, EUR/USD
EURUSD has the market completed forming the Impulsive 'V' wave pattern. The price is currently at a support zone of 1.0800. We expect the market to be bullish and anticipate it moving to the upside in the form of a corrective 'ABC' pattern, with our target at 1.1042. This is where we expect the corrective phase to end. You can place a long position with a target range of 1.0897 to 1.1042. Note that this setup will be invalidated if the price breaks below 1.0800. Ensure you use proper risk management.
Trade Recommendations:
We're waiting for a long position.