We're short | 10 February 2023
10 February 2023, EUR/USD
EURUSD has been on an uptrend for the last few days. The market is currently moving in form of a corrective 3wave pattern. The price broke out of a major zone/support zone at (1.0786), impulsively and the market has retraced back to this major zone,(1.0786). From (1.0668) to minor corrective wave b (1.0788) the market formed an ascending channel, which is a bearish pattern. I expect this pair to sell from 1.0729 up to our minor corrective wave c (1.0479). You can place a sell order now or you can wait for the price to break below the lower trendline of the ascending channel.
Trade Recommendations:
We're short
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.
