EURUSD – Up
EURUSD continues to move lower, aligning with our earlier analysis (7/19/2023). The market remains within the impulsive phase, and we are currently observing the formation of the impulsive major wave „IV“. Our analysis indicates a potential further decline towards the target zone at 1.1085, which we have identified as our major wave „IV“ area. Traders may consider entering a sell order with a take profit set at 1.1085 and a stop loss at 1.1256. It is crucial to apply proper risk management techniques to safeguard your trading capital.
Trade Recommendations
We’re short
You may check other analytical reviews on FreshForex website. Source: freshforex.com.
