We're short | 20 July 2023
20 July 2023, EUR/USD
EURUSD continues to move lower, aligning with our earlier analysis (7/19/2023). The market remains within the impulsive phase, and we are currently observing the formation of the impulsive major wave "IV". Our analysis indicates a potential further decline towards the target zone at 1.1085, which we have identified as our major wave "IV" area. Traders may consider entering a sell order with a take profit set at 1.1085 and a stop loss at 1.1256. It is crucial to apply proper risk management techniques to safeguard your trading capital.
Trade Recommendations
We're short
The author's opinion reflects their personal view and is not an investment recommendation. The company is not responsible for any trading results based on the provided analytical data.
