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Wait for a buy from around the blue zone.

Wait for a buy from around the blue zone. | 22 November 2023

22 November 2023, EUR/USD

Wait for a buy from around the blue zone.

During the previous trading day, Euro pulled back to the lowerside but is still pretty much bearish both on the daily and on the weekly charts, As it is now, we expect the sellers to push the price much lower towards the lower blue zone and may break and close below it, if that happens then further momentum much lower is expected with the next ideal target fixed below the next zone. On this chart, a break and a close above the the current week's highest high will mean we are rallying to the upperside with the next ideal target set at 1.1.

Trade Recommendations:

Wait for a buy from around the blue zone.

Bob Stan
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