We're short for now | 20 November 2023
20 November 2023, EUR/USD
EURUSD is currently in an impulsive phase, forming the major impulsive wave 'V.' The price has created a bull flag below the resistance zone of 1.0882. As observed in the chart above, the price has already impulsively broken above the 1.0882 resistance zone to the upside. We maintain a bullish outlook as long as the price remains above 1.0882. Our expectation is for the price to reach 1.0759, followed by a reversal to the upside, targeting the resistance zone of 1.0955. Consider placing a long position at 1.0759 with a profit target set at 1.0955.
Trade Recommendations:
We're short for now
The author's opinion reflects their personal view and is not an investment recommendation. The company is not responsible for any trading results based on the provided analytical data.
