Elliott waves analysis – We’re short for now


EURUSD is still strongly bearish and is approaching our target, although it is currently retesting the resistance zone at 1.0697. The price has faced rejection at a significant resistance level, specifically at 1.0762, just as we expected. If the price breaks and closes above this resistance zone, it will invalidate this setup. We anticipate the price will decrease, at least down to 1.0633. You can consider initiating a short position (entry with risk) now, with a profit target of 1.0633. Use proper risk management.

Trade Recommendations:

We’re short for now

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