We're short | 14 Febrero 2023
14 Febrero 2023, EUR/USD
EURUSD is currently in a corrective phase. As we can see on the chart above, the market formed a small ascending channel from minor corrective wave a (1.0675) to minor corrective wave b,(1.0788), we expected the price to break below the lower trendline of this channel (which it did) the drop up to 1.0479 but this didn't happen because the price has been rejected at a major zone/Support level (1.0652). Currently, the market is moving to the upside. I expect the price to reach 1.0785, form a double top then drop up to 1.0479.
Trade Recommendations:
We're short
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.
