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We're bearish

We're bearish | 21 July 2023

21 July 2023, EUR/USD

EURUSD continues its downward movement, aligning with our previous analysis from 7/20/2023. The market remains within the impulsive phase and is currently forming the impulsive major wave "IV". Our projected target for this downward move is at 1.1085, which we have identified as our major wave "IV" zone. If you have already entered a sell order, you may consider adjusting your stop loss to breakeven to protect your profits. Always ensure to use proper risk management to manage your trades effectively.

Trade Recommendations:

We're bearish

Bob Stan
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