EURUSD: Buyer initiative or just a correction?

Wait 5 sec.

EURUSD: Buyer initiative or just a correction?EUR/USDOANDA:EURUSDAlexeyWolfHello, traders and investors! This analysis is based on the Initiative Analysis (IA) method. On the daily timeframe, the market is in a sideways range, with a buyer initiative targeting 1.182. The current upward movement looks more like a correction following the seller’s impulse. At the base of the seller’s move, there is a high-volume bar, which yesterday’s candle interacted with. We’ll watch how things unfold — so far, the buyer hasn’t shown activity. It’s possible that buying may only start from the 1.14463 level. Wishing you profitable trades!