22 September 2023, EUR/USD
EURUSD is still very bearish. 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 continue its descent, 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 now place a short position below 1.0647 with a profit target of 1.0606 to 1.0633.
Trade Recommendations:
We're short for now