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We're short temporarily

We're short temporarily | 28 July 2023

28 July 2023, EUR/USD

We're short temporarily

EURUSD is currently dropping from major impulsive wave 'V' at 1.1275. The market is very bearish. We expect the market to drop down to 1.0667, which is the next Support zone. We have marked this zone as our minor wave 'a'. From this support zone, we anticipate a bullish EURUSD movement, at least up to 1.0837, which is a resistance zone. This zone is our target for the minor corrective wave 'b'. Please note that this setup will only be invalidated if the market breaks below 1.0667. You can place a sell order now.

Trade Recommendations:

We're short temporarily

Bob Stan
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