We're short for the current pullback | 27 Januari 2023
27 Januari 2023, EUR/USD
Wave Analysis
EURUSD has been on a strong uptrend from 0.95429 up to now. The market has already completed forming the major 5 waves pattern what we expect now is for the market to form a corrective 4 waves pattern that is from 1.08630 to around 1.07278. Again the market moved in for of an ascending channel from,1.07278, to 1.09189, where it also formed a double top, The double top and the ascending channel have increased the probability of this pair selling. You can place a sell order now or wait for a possible breakout of the lower trendline of the ascending channel.
Trade Recommendations:
We're short for the current 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.
