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We're waiting for a bearish pullback

We're waiting for a bearish pullback | 10 July 2023

10 July 2023, EUR/USD

EURUSD has been adhering closely to our previous analysis from the date 7/7/2023. The market remains in a corrective phase, specifically the ABC corrective pattern. At present, the market is in the midst of forming the minor wave "a",1.0972. I anticipate a downward movement from this zone as part of the corrective process, with a target zone of 1.0896, which we have identified as the minor corrective wave "b". To align with this analysis, it is advisable to consider placing a sell order now, with a take profit set at 1.0896 and a stop loss at 1.0989.

Trade Recommendations:

We're waiting for a bearish pullback

Bob Stan
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