We're short | 24 February 2023
24 February 2023, EUR/USD
EURUSD is in a short-term downtrend. The market is currently in a corrective phase. From minor corrective wave a,(1.0661) to where the market is now, the price has been moving in form of an expanding wedge, currently, the market is at the lower trendline of this expanding wedge since at 10579 there is a major zone/support zone, I expect the price to be rejected at this level, then move up to 1.0700. Should the market break below this major zone/support zone (10579), the setup will be invalidated.
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.
