Elliott waves analysis – We’re short for now


EURUSD remains in a strongly bearish condition and is approaching our target. The price has experienced rejection at a significant resistance zone, specifically at 1.0762, just as we had predicted in our previous analysis on 14/9/2023. Our expectation is for the price to decline, potentially reaching a level as low as 1.0633. If you currently hold a sell trade, I highly recommend adjusting your stop loss to breakeven to secure your profits, as the price is nearing our target. I advise against initiating any short positions at this time, as the price is on the verge of reaching our target.

Trade Recommendations:

We’re short for now

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