We're watching for a buy position now | 27 Octubre 2023
27 Octubre 2023, EUR/USD
EURUSD is currently very bullish. We can note that this pair is still in a corrective phase (ABC corrective pattern). The price has broken below the support zone of 1.0562 and closed below it. However, please note that this does not change the overall bullish trend. We expect the price to drop further, at least down to 1.0492, and then reverse impulsively to the upside from this zone. You can consider placing a long position at 1.0492, with your profit target set between '1.0716' and '1.0735'.
Trade Recommendations:
We're watching for a buy position 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.
