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Hold onto sell positions towards 1.0393

Hold onto sell positions towards 1.0393 | 04 Abril 2023

04 Abril 2023, EUR/USD

EURUSD is still very bearish though for the better part of yesterday (3/4/2023), the market was bullish (Short term). This pair is in a corrective phase which is the ABC corrective pattern. As we can see on the chart above the market is currently at a major zone/resistance zone (1.0911). I expect this pair to form a double top at this zone (1.0911), and then drop up to 1.0393. Price reaching this zone will mark the end of the corrective phase and also that of minor wave (C). You can place sell orders now with your take profit at 1.0393.

Trade Recommendations:

Hold onto sell positions towards 1.0393

Bob Stan
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