We're short for now | 17 Agosto 2023
17 Agosto 2023, EUR/USD
EURUSD is dropping nicely, This pair remains bearish and the price is almost hitting our target at the support zone of 1.0830. The market is currently forming the impulsive major outer wave 'V'. We expect the price to drop to at least 1.0953, with the ultimate objective set at 1.0869. If you have an active sell order, simply move the stop loss to breakeven. Additionally, you can consider placing more short positions with the target range of 1.0896 to 1.0863, but ensure you use proper risk management.
Trade Recommendations:
We're short for now
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.
