We're short | 05 May 2023
05 May 2023, EUR/USD
EURUSD is currently in a corrective phase, with an ABC corrective pattern and forming an expanding wedge pattern, which is a bearish continuation pattern. The chart indicates a downtrend, with higher lows and lower lows observed in the last few hours. The market is forming the minor wave 'C', and our target is (1.0869). If you want to open a sell order, you can set your take profit at (1.0869) and stop loss at (1.1037). Remember to use proper risk management, as the market may be very volatile today.
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.
