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We're sellers for now | 09 November 2023

09 November 2023, EUR/USD

Although, from the chart above, we can see the price had a pullback to the upside up to '1.0712', EURUSD remains bearish. This pair is in a corrective phase (ABC corrective pattern), with the price moving in the form of an ABC corrective pattern. We expect the price to drop correctively from the resistance zone of '1.0712', at least down to the support zone of '1.0632'. This is our target for the minor corrective wave 'b.' You can place a Short position with your profit target at '1.0632-1.0606'.

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We're sellers for now

Bob Stan
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