We're long for now | 19 Octubre 2023
19 Octubre 2023, EUR/USD
EURUSD is currently in a bullish corrective phase, with the market moving in the form of an ABC corrective pattern. The price has formed a minor rising wedge, and we expect the price to drop, at least down to 1.0506, before reversing to the upside impulsively, with our target at the resistance zone of 1.0742. We anticipate the price rising to at least 1.0742. You can enter a long position after the pullback, with your profit target ranging from 1.0700 to 1.0742. This setup will be invalidated if the price breaks and closes below the support zone of 1.0464.
Trade Recommendations:
We're waiting for long positions
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.
