We're long for now | 30 Octubre 2023

EURUSD currently in a bullish trend; the price is currently in a corrective phase (ABC corrective pattern). The price is forming a bear flag, suggesting an anticipated slight decline. Despite the price breaking below the impulsively supportive zone of 1.0562 and closing beneath it, it's crucial to acknowledge that this doesn't alter the overall bullish trend. Our expectation is for the price to experience a further drop, reaching at least 1.0492, followed by an impulsive upward reversal from this level. You can consider initiating a long position at 1.0492, setting your profit target between 1.0716 and 1.0735.

Trade Recommendations:

We're long for now