We're short for now | 14 September 2023

14 September 2023, EUR/USD

EURUSD is still very bearish. The price has been rejected at a major resistance zone, specifically at 1.0762, just as we predicted in our previous analysis on 13/9/2023. If the price breaks and closes above this resistance zone, it will invalidate this setup. We expect the price to drop, at least down to 1.0633. If you currently have a sell trade open, I highly recommend moving the stop loss to breakeven to lock in profits, as the price is almost reaching our target. You can now consider entering a short position with a profit target at 1.0605.

Trade Recommendations:

We're short for now

Bob Stan
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