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We're short

We're short | 06 February 2023

06 February 2023, EUR/USD

We're short

EURUSD has been on a strong uptrend since last week. The market is currently moving in form of a corrective 3-wave pattern. The market moved in form of an ascending channel from 1.07294 up to 1.08151. The market has already broken below the lower trendline of this channel impulsively, this is a sign that this pair is on a strong downtrend. I expect this pair to correct from minor corrective wave a,107.832 to around 108.512; we will mark this level as our minor corrective wave B. From 108.512, the market is likely to move impulsively to the downside up to around 105.425. You can place sell orders at 108.512.

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We're short

Bob Stan
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