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Remain short with EURUSD

Remain short with EURUSD | 18 August 2023

18 August 2023, EUR/USD

Remain short with EURUSD

EURUSD is undergoing a notable decline, with the price nearly reaching our support target of 1.0830. The market is currently in the process of forming the impulsive major outer wave 'V'. Our projection is for the price to decrease to a minimum of 1.0953, while the ultimate target is set at 1.0869. If you currently hold an active sell order, we recommend adjusting the stop loss to breakeven. Furthermore, you have the option to initiate additional short positions with a target range between 1.0896 and 1.0863. It is essential to emphasize the use of proper risk management when executing these trades.

Trade Recommendations:

Remain short with EURUSD

Bob Stan
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