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We're short

We're short | 15 May 2023

15 May 2023, EUR/USD

EURUSD is dropping nicely, just as we predicted in last week's analysis from 12/5/2030. The market is still in a corrective wave, specifically the ABC corrective pattern. I anticipate further bearish movement in this pair, targeting 1.0759 (minor wave c). If you are currently holding any sell trades, I would advise you to either move the stop loss to break even or lock in the profit. However, I must caution against placing new sell trades at this point, as it would be quite risky since the market is approaching our target of 1.0759. Reaching this zone will signify the end of the corrective phase.

Trade Recommendations:

We're short

Bob Stan
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