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Remain bullish

Remain bullish | 10 July 2023

10 July 2023, EUR/USD

Technical observation

On the chart above, EUR retraced to the supportive zone 1.0844-1.0835 then bounced within it and since then it has been trading with an increasing bullish bias, today I expect a further rally to the upper side and in case you are already holding bullish positions with this pair, remain in the trade with your take profit at 1.1095 and stop-loss at 1.0787. If there is a rise above the level 1.1095, continue long after a correction and a bounce at the broken line, but should the value of this pair descend below the zone 1.0844-1.0835, I expect to surge towards the supportive level 1.0460 or even lower to 1.0154 and 0.9837.

Trade recommendation

Remain long with your take profit at 1.1095.

Imelda Maseno
Analyst of «FreshForex» company
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