We're sellers for now | 09 November 2023
09 November 2023, EUR/USD
Although, from the chart above, we can see the price had a pullback to the upside up to '1.0712', EURUSD remains bearish. This pair is in a corrective phase (ABC corrective pattern), with the price moving in the form of an ABC corrective pattern. We expect the price to drop correctively from the resistance zone of '1.0712', at least down to the support zone of '1.0632'. This is our target for the minor corrective wave 'b.' You can place a Short position with your profit target at '1.0632-1.0606'.
Trade Recommendations:
We're sellers for now
The author's opinion reflects their personal view and is not an investment recommendation. The company is not responsible for any trading results based on the provided analytical data.
