We're sellers | 25 Mei 2023

25 Mei 2023, EUR/USD

We're sellers

EURUSD is currently exhibiting strong bearish sentiment, which has persisted for nearly the past 24 hours. The market is in the process of forming the impulsive V wave pattern. Furthermore, if we observe the movement from the beginning of the major outer impulsive wave (I) at 1.1089 to the current market price of 1.0741, we can identify a descending channel pattern, typically considered a bullish reversal pattern. We will wait for the price to break above the upper trendline of this descending channel as a potential bullish signal. In the meantime, we anticipate the price to decline, potentially reaching our target at the major outer impulsive wave "V" level of 1.0690, thereby completing the impulsive phase.

Trade Recommendations:

We're sellers

Bob Stan
Setuju dengan review?
opini pedagang:
Close
Masuk
Browser Anda tidak mendukung kue. Jika cookie dinonaktifkan di browser Internet Anda, Anda mungkin memiliki masalah dengan render daerah Pribadi. Cara mengaktifkan dukungan cookie.