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We're short | 26 April 2023

26 April 2023, EUR/USD

EURUSD is currently dropping as predicted in our previous analysis (dated 25/4/2023). This pair is still in a corrective phase, following the ABC corrective pattern. We anticipate this corrective phase to end at 1.0829. There was a major resistance zone at 1.0984, which the market broke below impulsively. I expect the price to retest this zone and then continue to drop. If you are holding a sell trade, place your first take profit at 1.0908 and second take profit at 1.0829. Additionally, you can still place a sell order now, with your take profit set at 1.0829.

Trade Recommendations:

We're short

Bob Stan
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