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We're sellers | 16 August 2023

16 August 2023, EUR/USD

We're sellers

EURUSD remains highly bearish. As indicated in the chart above, the market is presently shaping the impulsive major outer wave 'V'. Our anticipation is for the price to decline, reaching a minimum of 1.0953, while the ultimate objective is set at 1.0869. If you currently hold an active sell order, consider adjusting the stop loss to breakeven. Additionally, you have the option to place more short positions with a target range of 1.0896-1.0863, ensuring the application of proper risk management practices.

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We're sellers

Bob Stan
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