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We're be short

We're be short | 08 August 2023

08 August 2023, EUR/USD

We're be short

EURUSD is presently exhibiting strong bearish momentum. The market is firmly entrenched within a bearish impulsive phase. As visually evident from the chart above, the market is currently in the process of forming the outer wave 'V'. Our projection is for a descent to occur, with a preliminary target set at 1.0953. Additionally, a secondary target has been identified at 1.0869. It's noteworthy that the zone at 1.0953 signifies a support level; should the market fail to breach this point, the validity of this setup would be compromised. For those considering trading, a sell order could be placed, targeting the range of 1.0953 to 1.0869.

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We're be short

Bob Stan
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