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We're sellers

We're sellers | 20 January 2023

20 January 2023, EUR/USD

We're sellers

Wave Analysis

EURUSD has completed forming the major V wave pattern. The market is currently forming a minor corrective 3 waves pattern. At 1.08374, which is our minor corrective wave a, the market has formed a double top, this is a sign that the market will sell. I expect the market to push down from this point,1.08374 to around 1.08036 which will mark the end of the minor corrective wave b. You can place a sell order now at 1.08298. Take profit at 1.08036 and stop loss at 1.08412. Should the market fail to move to the downside and instead breaks above ,1.08403, this setup will be invalidated.

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We're sellers

Bob Stan
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