We're sellers | 16 Agosto 2023
16 Agosto 2023, EUR/USD
EURUSD remains highly bearish. As indicated in the chart above, the market is presently shaping the impulsive major outer wave 'V'. Our anticipation is for the price to decline, reaching a minimum of 1.0953, while the ultimate objective is set at 1.0869. If you currently hold an active sell order, consider adjusting the stop loss to breakeven. Additionally, you have the option to place more short positions with a target range of 1.0896-1.0863, ensuring the application of proper risk management practices.
Trade Recommendations:
We're sellers
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.
