We're short | 16 Junio 2023
16 Junio 2023, EUR/USD
EURUSD is presently undergoing a bearish corrective phase following the ABC corrective pattern. Additionally, we observe an ascending channel formation on the chart, originating from the major impulsive wave "I" at 1.0776. Ascending channels typically indicate a potential bearish reversal in the market. Considering these factors, it may be appropriate to consider sell orders at the current market price. It is recommended to set a take-profit target at minor wave "a," with the anticipated target level at 1.0852.
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.
