Remain long | 21 November 2023

21 November 2023, EUR/USD

Remain long

Technical observation

EUR retraced to the supportive zone 1.0434-1.0466 the bounced within it and since then it has been trading with an increasing bullish bias, today I expect a further surge to the upper side and if you are already holding bullish positions with this pair, remain in the trade with your take profit at 1.1277 and stop-loss at 1.0220. Should there be a clear penetration above the level 1.1277 with a big green candle, wait for a pullback to this line and a bounce at it before you continue long towards the key level 1.1916. If EUR is contained above the zone I mentioned earlier, I can only recommend bullish positions.

Trade recommendation

Remain long with your take profit at 1.0220.


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.
Imelda Maseno
Analyst of «FreshForex» company
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