We're buyers for now | 05 7月 2023

05 7月 2023, EUR/USD

We're buyers for now

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

Bob Stan
同意该评论吗?
交易员的评论:
Close
授权
您浏览器禁用cookie 文件. 在此情况下, 私人空间显示不正常. 如何启动cookie 文件的支持.