EURUSD is currently in a very bearish trend, as evident from the chart above. The market has been dropping impulsively to the downside, aligning with our prediction from our analysis on 9/6/2023. This pair is currently in an impulsive phase, and the chart indicates the formation of the major outer wave ‘V.’ Our expectation is for the price to decline, potentially reaching as low as 1.0633. If you currently hold a sell trade, I highly recommend moving the stop loss to breakeven to secure profits, as the price is approaching our target. However, I advise against placing any new trades at this time, as the market is currently exhibiting high levels of risk.
Trade Recommendations:
We’re short for now
Origin: FreshForex
