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We're short for now

We're short for now | 06 September 2023

06 September 2023, EUR/USD

We're short for now

EURUSD is currently experiencing a strong bearish trend, as evident from the chart above. The market has been consistently dropping to the downside in an impulsive manner. Moreover, the pair is presently in an impulsive phase, with the market forming the major outer wave 'V.' The price has already broken below the support zone at 1.0769, confirming the persistence of the bearish trend. We anticipate the price to decline, with a target of at least 1.0633. If you don't already have a short position, you can consider entering one. Your target range should be set at 1.0685-1.0633.

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We're short for now

Bob Stan
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