We're short for now | 08 Septiembre 2023

EURUSD is currently very bearish. The market has been dropping impulsively to the downside. We anticipate that the pair will remain bearish at least until next week. The pair is currently in an impulsive phase, and according to the chart, the market is forming the impulsive major outer wave 'V.' Our expectation is for the price to drop, at least down to 1.0633. If you are currently holding a sell trade, I highly recommend moving the stop loss to breakeven to lock in profits, as the price is approaching our target. Furthermore, I advise against placing any new trades at this time due to the high level of risk.

Trade Recommendations:

We're short for now