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Wait for a correction for now

Wait for a correction for now | 31 August 2023

31 August 2023, EUR/USD

EURUSD has reached the targeted resistance zone at 1.0908. You may also observe that this zone was our target for minor wave 'a'. Therefore, the market is still in a corrective phase. However, we anticipate a short drop at this point. Our expectation is for the market to undergo a corrective drop, reaching at least 1.0841. This level serves as our target for minor corrective wave 'b'. You have the option to initiate a short position with your profit target set at 1.0866-1.0840. Use proper risk management.

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Wait for a correction for now

Bob Stan
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