We're long for now | 03 Agosto 2023
03 Agosto 2023, EUR/USD
The price is currently at a major zone, specifically a support zone at 1.0933. As you can see, this zone corresponds to our major outer wave 'IV'. We anticipate a bullish movement for EURUSD, with the expectation of an upward impulse. Our first target is the Resistance zone at 1.1086, and the final target should be at 1.1634. This latter level represents the farthest point we anticipate the major outer wave 'V' to reach. To capitalize on this potential movement, you can consider placing a buy order now, setting your profit target at 1.1634, and your stop loss at 1.0899.
Trade Recommendations:
We're long for now
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.
