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We're short

We're short | 09 March 2023

09 March 2023, EUR/USD

We're short

EURUSD has been on a downtrend since the beginning of this week. The market is currently in a corrective phase which is the corrective 3-wave pattern/ABC pattern. The market is currently moving sideways correctively. I expect this pair to form a head and shoulder pattern, before dropping at least up to 1.0212. I expect the market to buy up 1.0632 and then drop up to our outer corrective wave c (1.0212). Should the market break below 1.0527 (a major zone/support zone), this setup will be invalidated.

Trade Recommendations:

We're short

Bob Stan
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