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We're short for now

We're short for now | 17 August 2023

17 August 2023, EUR/USD

We're short for now

EURUSD is dropping nicely, This pair remains bearish and the price is almost hitting our target at the support zone of 1.0830. The market is currently forming the impulsive major outer wave 'V'. We expect the price to drop to at least 1.0953, with the ultimate objective set at 1.0869. If you have an active sell order, simply move the stop loss to breakeven. Additionally, you can consider placing more short positions with the target range of 1.0896 to 1.0863, but ensure you use proper risk management.

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We're short for now

Bob Stan
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