Remain short for now | 27 Septiembre 2023
27 Septiembre 2023, EUR/USD
EURUSD is still very bearish. From the chart above, we can see that the price is currently forming the outer major impulsive wave 'V,' with our target set at 1.0529. The price is currently dropping impulsively to the downside. We expect the price to continue to drop, at least down to 1.0529. If you currently have a sell trade open, I highly recommend moving the stop loss to breakeven to lock in profits. Lastly, since the price is almost hitting our target, placing a sell trade now would be very risky.
Trade Recommendations:
Remain 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.
