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Look for long positions for now

Look for long positions for now | 15 November 2023

15 November 2023, EUR/USD

Look for long positions for now

EURUSD is currently in a strong bullish trend. The pair is in an impulsive phase, as indicated in the chart above. We can observe that the price is currently within the impulsive major wave labeled 'V,' and our target is the resistance zone at '1.0955'. You may consider placing a long position, which involves a RISK ENTRY since the price is approaching the resistance zone at '1.0955', with your profit target also set at 1.0955. Ensure you employ proper risk management to mitigate potential risks.

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Look for long positions for now

Bob Stan
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