EURUSD | Sideways Trading Within A Major Corrective Pattern

2022년 8월 3일

EURUSD | Sideways Trading Within A Major Corrective Pattern

After the price found a strong support area when the price reached 1 EUR = 1 USD
we saw the price made a nice bounce and it began to create a large corrective pattern.

The actual pattern is taking the shape of a bullish triangle.

The trading area is very wide as we can see from the chart and the price is actually moving within it.

The price tested the top of the pattern today and it is coming down again.

It looks like we can have another opportunity to buy it cheaper close to the support area.

Thank you and Good Luck!