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We're short towards 1.0610

We're short towards 1.0610 | 10 November 2023

10 November 2023, EUR/USD

We're short towards 1.0610

EURUSD remains bearish as the price is currently experiencing an impulsive drop following a short pullback. This pair is in a corrective phase, moving in the form of an ABC corrective pattern. We anticipate the price to correctively decline from the current resistance zone, reaching at least the support zone at '1.0632', which stands as our target for the minor corrective wave 'b'. You can consider placing a Short position with your profit target set between '1.0632' and '1.0606'.Use risk management.

Trade Recommendations:

We're short towards 1.0610

Bob Stan
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