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We're short | 25 January 2023

25 January 2023, EUR/USD

We're short

Wave Analysis

EURUSD is currently on an uptrend, The market already has completed forming the 5 major waves that are from wave I,0.96310 to wave V 1.09270. Normally after the end of every major impulsive v waves the market corrects a 3wave pattern. Again the market formed a ascending channel from,1.07375 to 1,09124 which shows that the trend is changing So what I expect now is a 3-wave correction to the downside that is from where the market is as of now,1.07798 to around 1,03870 which is likely to be the end of minor corrective wave c.

Trade Recommendation:

We're short

Bob Stan
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