We're short for now | 13 Julio 2023

EURUSD is currently experiencing an impulsive phase, with the price currently located at major impulsive wave "III" at 1.1137. Our analysis suggests the possibility of a bearish reversal pattern forming in this zone, potentially a double top. Following this pattern, we anticipate a downward movement towards the target of 1.0965, which we have identified as the zone for the minor corrective wave "b". We will patiently await the formation of the double top pattern before considering a sell trade entry. It is worth noting that the descending channel or falling wedge patterns could further support the bearish outlook.

Trade Recommendations:

We're short for now