Wait for a correction for now | 31 Agosto 2023
31 Agosto 2023, EUR/USD
EURUSD has reached the targeted resistance zone at 1.0908. You may also observe that this zone was our target for minor wave 'a'. Therefore, the market is still in a corrective phase. However, we anticipate a short drop at this point. Our expectation is for the market to undergo a corrective drop, reaching at least 1.0841. This level serves as our target for minor corrective wave 'b'. You have the option to initiate a short position with your profit target set at 1.0866-1.0840. Use proper risk management.
Trade Recommendations:
Wait for a correction 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.
