20 July 2023, EUR/USD
EURUSD continues to move lower, aligning with our earlier analysis (7/19/2023). The market remains within the impulsive phase, and we are currently observing the formation of the impulsive major wave "IV". Our analysis indicates a potential further decline towards the target zone at 1.1085, which we have identified as our major wave "IV" area. Traders may consider entering a sell order with a take profit set at 1.1085 and a stop loss at 1.1256. It is crucial to apply proper risk management techniques to safeguard your trading capital.
Trade Recommendations
We're short