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We're short | 09 February 2023

09 February 2023, EUR/USD

We're short

EURUSD has been trending upward from the beginning of the major wave (I),0.9529, to the major wave (V),1.1024. The market is currently correcting in the form of a 3-wave corrective pattern. The price is currently at minor corrective wave a,(1.0664). Again, the price has formed a double top at (1.0762), because of this double top the price is likely to drop up to around (1.0667), I expect the price to form a double bottom at this level and then to buy up to (1.0872). We will mark,1.0872, as our minor corrective wave b.

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We're short

Bob Stan
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