Euro is in a correction mode | 29 September 2023

29 September 2023, EUR/USD

Euro is in a correction mode

EURUSD is presently experiencing a bullish corrective phase, with the market forming the ABC corrective pattern. Based on the current chart, it's evident that the price is shaping the minor corrective wave 'a,' with our target set at the resistance zone of 1.0742. We anticipate the price to rise, targeting at least up to the resistance zone 1.0742. You have the option to enter a long position now, with a profit target range of 1.0700 to 1.0742. Please ensure you employ proper risk management strategies.

Trade Recommendations:

Euro is in a correction mode

Bob Stan
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