EURUSD is currently displaying a strong bullish trend. The market is still in a corrective phase, following the ABC corrective pattern. I anticipate an impulsive upward movement in the market, reaching at least our target for the minor wave “a” at 1.0810. Following this, I expect a slight downward correction to form a bullish continuation pattern, possibly a falling wedge.
This correction pattern will be considered as our corrective wave “b”, with our target set at 1.0722. To take advantage of this setup, you can place buy orders now, with a profit target at 1.0810 and a stop loss at 1.0658.
Origin: FreshForex
