EURUSD is indeed displaying a bullish movement in alignment with the previous analysis from June 9, 2023. The market is still in a corrective phase and currently resides near a resistance zone at 1.0784. The expectation is for the price to potentially form a bullish continuation pattern, such as a bullish flag or an expanding channel, followed by a double-bottom pattern.
These patterns often indicate a potential upward continuation. The target for the projected upward move is the minor wave “c” at 1.0896. It is important to exercise caution and wait for the formation of the anticipated bullish patterns before considering any buy orders.
Origin: FreshForex
