We're buyers | 31 Enero 2023
31 Enero 2023, EUR/USD
EURUSD has been on an uptrend since last week. From 1.07320 to where the market is now we can clearly see that it has been moving in form of an ascending channel which normally signals a change in trend. The market can sell or buy since there is a major zone at 1.08490. if the price fails to break below this level and instead forms a double bottom we will place buy orders but if the market breaks below this major zone 1.08490, we will place sell orders. until this condition is met, we wait for clear confirmation.
Trade Recommenation: We're buyers
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.
