We're short temporarily | 24 Julio 2023
24 Julio 2023, EUR/USD
EURUSD has indeed exhibited a bearish trend in recent times, and our analysis suggests the continuation of this bearish phase. The market is currently in an impulsive phase, and it seems to be forming the major wave IV. As we closely monitor the price action, we anticipate the formation of a bearish continuation pattern, possibly a bearish rectangle, around the 1.1119 level. This pattern could signal a further downward movement in the market. Our target for this bearish move is at 1.1049.
Trade Recommendations:
We're short temporarily
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.
