We're short for now | 22 September 2023

22 September 2023, EUR/USD

EURUSD is still very bearish. From the chart above, we can see that the price is currently dropping impulsively to the downside. The price has been rejected at a major resistance zone, specifically at 1.0762, just as we expected. We anticipate the price to continue its descent, at least down to 1.0633. If you currently have a sell trade open, I highly recommend moving the stop loss to breakeven to lock in profits. You can now place a short position below 1.0647 with a profit target of 1.0606 to 1.0633.

Trade Recommendations:

We're short for now

Bob Stan
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