We're sellers for now | 12 May 2023

12 May 2023, EUR/USD

EURUSD is currently in a corrective phase, following the ABC corrective pattern. This pair has been experiencing a downward trend over the past few days. At present, the market is forming the minor wave C, which, upon completion, will indicate the end of the corrective phase. The price is currently at a significant zone, often referred to as a support zone, at 1.0916. I anticipate the market to form a bearish continuation pattern, such as an expanding wedge, and subsequently impulsively break below this zone. Following this, I expect the price to drop to around 1.0759.

Trade Recommendations:

We're sellers for now

Bob Stan
¿De acuerdo con la revisión?
Opinión de los comerciantes:
Close
Iniciar sesión
Su navegador no admite cookies. Si la cookie está desactivada en su navegador de Internet, es posible que tenga problemas con la representación del área Personal. Cómo habilitar el soporte para cookies.
manager photo manager photo
Online-support
Nos complacerá contestar cualquier pregunta que pueda tener

Escribir

Get bonus