We're waiting for a bearish pullback | 06 Noviembre 2023
06 Noviembre 2023, EUR/USD
EURUSD was predominantly bullish last week. Currently, this pair is in a corrective phase, following an ABC corrective pattern. The price currently rests at the resistance zone of 1.0735, marked as minor wave 'a.' We anticipate a corrective drop from this resistance zone, reaching at least the support zone of 1.0632, which is our target for the minor corrective wave 'b.' Consider initiating a Short position at 1.0718, with a profit target set between 1.0632 and 1.0606. Ensure you use proper risk management.
Trade Recommendations:
We're waiting for a bearish pullback
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.
