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Look for sell orders

Look for sell orders | 30 March 2023

30 March 2023, EUR/USD

Look for sell orders

EURUSD is currently bullish (short-term). The market is in a corrective phase which is ABC's corrective pattern. This pair has formed an expanding wedge (A bearish pattern). The price has formed a double-top pattern which is a bearish reversal pattern at 1.0854. Again the market has formed an ascending channel from 1.0715 to 1.0854, this is also a bearish pattern reversal pattern. I expect this pair to drop from 1.0854 up to 1.0393. You can place a sell order now with your take profit at 1.0393.

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Look for sell orders

Bob Stan
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