17 October 2023, EUR/USD
Technical observation
On the chart above the price is still trading with an increasing bearish bias between a supportive level 1.0319 and a resistance zone 1.0770-1.0795, this downwards movement is a slight rally to the lower side and I expect a loss of it followed by a correction to the zone I have mentioned above. If you are flat with this pair, I recommend that you remain neutral and wait for a correction to the zone 1.0770-1.0795 then sell a bounce within it with your take profit at 1.0319 and stop-loss at 1.0925. In case of a break below the level 1.0319, wait for a retracement to this line before you continue short towards 0.9533 or lower.
Trade recommendation
Wait for a correction to the zone 1.0770-1.0795 to sell EUR.
en 
id 
ar 
ru 
vn 
es 
pt 
kz 
ua 
tj 
uz 
az 
ms 