We're sellers | 19 أبريل 2023
19 أبريل 2023, EUR/USD
EURUSD remains very bearish, currently in a corrective phase with an ABC corrective pattern. As shown in the chart above, the price has formed an ascending channel from the major impulsive wave (I) at 1.0934 to the end of the major impulsive wave (V) at 1.1076, indicating a bearish reversal. Furthermore, the price has formed an expanding wedge, which is a bearish continuation pattern, reinforcing the bearish outlook. I expect the price to drop to 1.0808. You can place sell orders now with a profit target at 1.0808 and a stop loss at 1.0934.
Trade Recommendations:
We're sellers
The author's opinion reflects their personal view and is not an investment recommendation. The company is not responsible for any trading results based on the provided analytical data.
