EURUSD is currently in a corrective phase, following the ABC corrective pattern. This pair has been experiencing a downward trend over the past few days. At present, the market is forming the minor wave C, which, upon completion, will indicate the end of the corrective phase.
The price is currently at a significant zone, often referred to as a support zone, at 1.0916. I anticipate the market to form a bearish continuation pattern, such as an expanding wedge, and subsequently impulsively break below this zone. Following this, I expect the price to drop to around 1.0759.
Origin: FreshForex
