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We're sellers for now | 08 November 2023

08 November 2023, EUR/USD

EURUSD remains bearish, aligning with our earlier prediction in the analysis from 11/8/2023. This pair is currently undergoing a corrective phase, following the pattern of an ABC correction. We anticipate a corrective drop from the current resistance zone, with the expected target reaching at least the support zone of '1.0632'. This level represents our target for the minor corrective wave 'b'. You may consider initiating a short position with a profit target range set between '1.0632' and '1.0606'.

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We're sellers for now

Bob Stan
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