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We're short

We're short | 06 July 2023

06 July 2023, EUR/USD

We're short

EURUSD is currently experiencing an impulsive phase, characterized by a strong bearish sentiment. Upon analyzing the chart, we can observe that the market is in the process of forming the impulsive major wave 'V', with a target set at 1.0833. The market is nearing our target, and if you have an active sell trade, it is advisable to adjust the stop loss to the breakeven point and consider taking profits at 1.0833. However, it is important to note that initiating a new sell trade at this point is considered highly risky.

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We're short

Bob Stan
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