We're short | 20 Febrero 2023
20 Febrero 2023, EUR/USD
EURUSD has been on an uptrend since the beginning of this month. This pair is currently in a corrective phase, the market is moving in the form of a corrective 3-wave pattern, the whole of last week the market has been bearish, and we expect this to continue. As we can see on the chart above, the market has formed an expanding wedge from minor corrective wave a,(1.0664) to minor corrective wave b,(1.0801), and within this pattern, there is another pattern which is a descending channel. I expect this pair to buy up to (1.0801), form a double top then drop up to 1.0448.
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.
