EURUSD is still undergoing a corrective phase, following the ABC corrective pattern. The market is currently at the minor wave “a” level of 1.0767, which also coincides with a significant zone of resistance.
I anticipate that the market will form a double-top pattern at this zone, followed by a corrective decline, possibly in the form of a falling wedge, targeting our minor corrective wave “b” at (1.0696). We will wait for the market to form the double top pattern before considering sell trades.
