Relevance up to 09:00 2022-07-16 UTC+2 Company does not offer investment advice and the analysis performed does not guarantee results. The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
Although EUR/USD stopped rallying, there is a chance for a price increase, as long as you follow this strategy.
Given that a three-wave pattern (ABC) has formed, where wave A represents the buying pressure yesterday, traders can take long positions, with stop loss at 0.099500. Take profit on the breakout of 1.112500 and 1.02. This trading idea is based on the "Price Action" and "Stop Hunting" methods.
