We're short | 10 May 2023
10 May 2023, EUR/USD
EURUSD is dropping nicely, just as we predicted in our previous analysis from 9/5/2023. This pair is still in a corrective phase, and the market is currently forming the corrective minor wave c. From the chart above, it is clear that the price has already broken below the lower support trendline impulsively, indicating that this pair is still very bearish. We expect the price to correct sideways before dropping further. If you wish to act on this analysis, you can still place sell orders now with your take profit at 1.0888 and stop loss at 1.0971.
Trade Recommendation:
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.
