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We're sellers | 08 March 2023

08 March 2023, EUR/USD

We're sellers

EURUSD is in a strong downtrend. The market is currently in a corrective phase which is the corrective 3wave pattern/ABC pattern. I expect this pair to form a head and shoulder pattern. Left shoulder at 1.0675, head at 1.0697, and lastly the right shoulder will at (1.0651). So now since the market is dropping impulsively, I expect the price to reach at least 1.0538 then from a double bottom then buy probably up to (1.0651). The market is likely to complete the corrective phase in the next 5 days.

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We're sellers

Bob Stan
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