We're short | 27 February 2023
27 February 2023, EUR/USD
EURUSD is in a corrective phase. The market formed an expanding wedge from minor corrective wave a,1.0669 to 1.0579. Since the market has broken below the lower trendline of this expanding wedge pattern, I expect the price to drop from where it is currently,(1.0534) up to the minor corrective wave c,(1.0396). Lastly, there is a major zone at 1.10486, should the market fail to break below this level and instead form a double bottom (a bullish pattern). The setup will be invalidated. You can open a sell order now.
Trade Recommendations:
We're short
The author's opinion reflects their personal view and is not an investment recommendation. The company is not responsible for any trading results based on the provided analytical data.
