We're short for now | 11 Agosto 2023

EURUSD is currently undergoing a substantial downward movement, aligning with the anticipated bearish impulsive phase. A visual analysis of the chart confirms the ongoing formation of the outer wave 'V'. Our projection indicates a potential descent to at least 1.0953, with the ultimate objective set at 1.0869. If you currently hold a profitable sell position, a prudent strategy would be to adjust the stop loss to break even. It's noteworthy that a breach beyond the 1.1042 mark could necessitate further action, including the consideration of additional sell orders, aimed at the target range of 1.0953 to 1.0869.

Trade Recommendations:

We're short for now