We're long from 1.0830 towards the upper trendline. | 23 Agosto 2023
23 Agosto 2023, EUR/USD
EURUSD has completed forming the impulsive 'V' wave pattern. The market is currently at a support zone of "1.0830". We expect the market to turn bullish and anticipate an upward movement in the form of a corrective 'ABC' pattern, with our target set at the resistance zone of "1.1042". This is the level where we anticipate the corrective phase to conclude. If you are considering a short position, you can place it with a target range of "1.0897" to "1.10420". Ensure you use proper risk management.
Trade Recommendations:
We're long from 1.0830 towards the upper trendline.
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.
