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We're short | 14 February 2023

14 February 2023, EUR/USD

We're short

EURUSD is currently in a corrective phase. As we can see on the chart above, the market formed a small ascending channel from minor corrective wave a (1.0675) to minor corrective wave b,(1.0788), we expected the price to break below the lower trendline of this channel (which it did) the drop up to 1.0479 but this didn't happen because the price has been rejected at a major zone/Support level (1.0652). Currently, the market is moving to the upside. I expect the price to reach 1.0785, form a double top then drop up to 1.0479.

Trade Recommendations:

We're short

Bob Stan
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