We're short | 20 July 2023

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

Bob Stan
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