We're sellers for now | 24 March 2023

24 March 2023, EUR/USD

We're sellers for now

EURUSD is dropping nicely just as we had predicted in our previous analysis. The price is currently in a minor zone. The market is in a corrective phase which is ABC's corrective pattern. Since the price has already formed the minor corrective wave a and minor corrective wave be the price is currently forming the minor corrective wave c. I expect this pair to drop at least up to 1.0582, at this zone there is a minor zone so should the price fail to break below this zone then we will mark it as our minor corrective wave c.

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We're sellers for now

Bob Stan
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