We're short below 1.0647 | 21 September 2023

21 September 2023, EUR/USD

EURUSD is still in an impulsive phase. From the chart above, we can see that the price is currently dropping impulsively to the downside. The price has been rejected at a major resistance zone, specifically at 1.0762, just as we expected. We anticipate 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. You can place a short position now below 1.0647 with a profit target ranging from 1.0606 to 1.0633.

Trade Recommendations:

We're short below 1.0647

Bob Stan
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