We're short | 17 Mei 2023

17 Mei 2023, EUR/USD

We're short

EURUSD remains strongly bearish, aligning with our previous analysis (dated 16/5/2023). The price is currently in a corrective phase, and based on the chart above, we observe the formation of the minor corrective wave "b". Our expectation is for the price to drop, potentially reaching at least 1.0852 as part of the minor corrective wave b. However, since the price is approaching our target, it is not advisable to enter a sell trade at this point as it would involve higher risk. Ensure you use proper risk management.

Trade Recommendations:

We're short

Bob Stan
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