EURUSD is very bullish. Since the beginning of this week (10/4/2023), this pair has been showing bullish momentum, despite some bearish candles on the lower timeframe. As can be seen from the chart above, the price is currently forming the impulsive minor wave C. 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 this pair is likely to remain bullish for the next few days. I expect this pair to rise at least up to 1.1602 (the end of minor wave C).”
Origin: FreshForex
