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We're short temporarily

We're short temporarily | 24 July 2023

24 July 2023, EUR/USD

EURUSD has indeed exhibited a bearish trend in recent times, and our analysis suggests the continuation of this bearish phase. The market is currently in an impulsive phase, and it seems to be forming the major wave IV. As we closely monitor the price action, we anticipate the formation of a bearish continuation pattern, possibly a bearish rectangle, around the 1.1119 level. This pattern could signal a further downward movement in the market. Our target for this bearish move is at 1.1049.

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We're short temporarily

Bob Stan
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