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We're short

We're short | 17 February 2023

17 February 2023, EUR/USD

We're short

EURUSD is in a corrective phase the market is moving in the form of a corrective 3-wave pattern the market has formed an expanding wedge from minor corrective wave (a),1.0667, to minor corrective wave (b),1.0788. Again, the market has formed a double bottom at a major zone 1.0663, this has increased the probability of this pair buying at least up to 1.0788. From 1.0788 we expect the price to drop up to 1.0448. Should the price break below the major zone/support level (1.0663) we will enter sell traders.

Trade Recommendations:

We're short

Bob Stan
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