we are long | 16 November 2023

16 November 2023, EUR/USD

we are long

Technical observation

On the chart above the price has been trading with an increasing bullish bias since it bounced within the supportive zone 1.0434-1.0466 and today, I expect a further surge to the upper side. In case you are already holding bullish positions with this pair, remain in the trade with your take profit at 1.1277 and stop-loss at 1.0198, should the price ascend above the level 1.1277, wait for a pullback to the broken line and a bounce at it before you continue long towards the level 1.1916. On the chart above, if EUR is sustained above the zone 1.0434-1.0466, I can only recommend bullish positions.

Trade recommendation

Remain long with your take profit at 1.1277.

Imelda Maseno
Analyst of «FreshForex» company
Agree with the review?
Traders' opinion:
Close
Log in
Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with accessing Client Area. How to enable cookie .
manager photo manager photo
Online-support
We will be pleased to answer any questions you may have

Write

Get bonus