We're short | 06 Marzo 2023
06 Marzo 2023, EUR/USD
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EURUSD has been on a downtrend since last week. Currently, the market is in a corrective wave (ABC Corrective pattern), as we can see on the chart above the market formed an ascending channel from (1.0533) to (1.0691). The market formed a double bottom at 1.0575 and is currently moving impulsively to the upside. I expect this pair to buy at least up to around 1.0685and since 1.0685 is a major zone/resistance zone, I expect the price to be rejected at this zone, form a double top then drop up to 1.0212.
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.
