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In this market commentary, Vladimir Ribakov outlines a bearish outlook for the EUR/USD pair, emphasizing that the euro is expected to continue moving lower. He cites a bearish divergence and an ongoing ABCD correction pattern as the primary technical drivers, anticipating the pattern’s completion before any reversal. Ribakov references a recent trade executed within the Home Trader Club, where a break of the established range aligned with his plan. He highlights key daily low levels that serve as reference points for the trade and stresses that, barring unexpected market events, the ABCD correction will conclude with a bullish divergence, at which point the pair may turn upward. Until that signal appears, his strategy is to “sell the rallies,” using pullbacks to push the price further down. He maintains that this approach remains unchanged and that any pullbacks should continue to support a downside move.

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