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We're long

We're long | 02 February 2023

02 February 2023, EUR/USD

We're long

EURUSD has been on a strong uptrend from 0.97333 to where it is now which is 1.09984. Again the market has been moving in form of an ascending channel from 1.07292, this normally indicates that the market is most likely to change the trend, in this case from an uptrend to a downtrend. On the upper trendline of the ascending channel we've got two touches, the first touch at 1.08673, and the second touch at 1.09253. The market is currently at the upper trendline,1,09996. Should the price close at the trendline it'll be our third touch and place sell trades, but if it breaks above the upper trendline we will place buy orders up to major wave V which is at 1.10627.

Trade Recommendations:

We're long

Bob Stan
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