As long as the price remains below 1.06304, we are looking for low risk sell positions. | 26 September 2023

26 September 2023, EUR/USD

As long as the price remains below 1.06304, we are looking for low risk sell positions.

During the previous trading day, euro rallied to the lowerside and is still showing signs of continuing to the lowerside. As long as the price remains below 1.06304, we expect nothing but a possible momentum to the lowerside. The anticipated bearish price rally is the continuation of the last impulsive wave (v) to the lowerside and may see the price extend much lower towards 1.04 and may extend much lower. Only a break and close above 1.06304 will push the price much higher.

Trade Recommendations:

As long as the price remains below 1.06304, we are looking for low risk sell positions.

Bob Stan
Agree with the review?
Traders' opinion:
Close
Log in
Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with accessing Client Area. How to enable cookie .
manager photo manager photo
Online-support
We will be pleased to answer any questions you may have

Write

Get bonus