We're short for now | 05 سبتمبر 2023
05 سبتمبر 2023, EUR/USD
EURUSD: The current sentiment is highly bearish, and this pair is currently in an impulsive phase. As observed from the chart above, the market is in the process of forming the impulsive major outer wave 'V.' Our expectation is for the price to decline, reaching at least 1.0633.You may consider establishing a short position below the support zone at 1.0755, with your target set at 1.0685-1.0633. It's important to note that this setup will only be invalidated if the price breaks above the resistance zone at 1.0931. Use proper risk management.
Trade Recommendations:
We're short for now
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.
