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We're short for now

We're short for now | 21 August 2023

21 August 2023, EUR/USD

We're short for now

EURUSD is still bearish. 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, consider moving the stop loss to breakeven to secure some profits or alternatively, close the position. It's important to note that placing a new sell order now carries significant risk, as the market is nearing our target. Additionally, we currently lack confirmation to initiate a short position.

Trade Recommendations:

We're short for now

Bob Stan
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