We're short | 17 May 2023
17 May 2023, EUR/USD
EURUSD remains strongly bearish, aligning with our previous analysis (dated 16/5/2023). The price is currently in a corrective phase, and based on the chart above, we observe the formation of the minor corrective wave "b". Our expectation is for the price to drop, potentially reaching at least 1.0852 as part of the minor corrective wave b. However, since the price is approaching our target, it is not advisable to enter a sell trade at this point as it would involve higher risk. Ensure you use proper risk management.
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.
