We're short | 07 February 2023

07 February 2023, EUR/USD

EURUSD is on an uptrend.From major wave III,( 1.0863) to major wave V (1.1025) the market moved in form of an ascending channel that is expanding in nature. The price has broken below the lower trendline of this channel impulsively, this shows that the market is on a strong downtrend. Again the market has broken below a major zone at 1.0728 impulsively. The price is currently at minor corrective wave a(1.0708). What we expect now is the market to buy up to around 1.0877. If you have any open sell orders I would advise you to hold and place your take profit at (1.0485).

Trade Recommendations:

We're short

Bob Stan
Agree with the review?
Traders' opinion:
Close
Log in
Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with accessing Client Area. How to enable cookie .
manager photo manager photo
Online-support
We will be pleased to answer any questions you may have

Write

Get bonus