We're buyers for now | 31 Octubre 2023
31 Octubre 2023, EUR/USD
EURUSD is currently in an uptrend. It's evident that this pair is undergoing a corrective phase (an ABC corrective pattern). The price is presently forming a minor wave, with our target set at 1.0730. There's currently an impulsive upward movement in price. If you don't currently hold a long position, consider placing one above the resistance zone at 1.0634, aiming for a profit target within the range of 1.0716 to 1.0735. It's important to note that this setup will only be invalidated if the price fails to break and close above the resistance zone at 1.0634.
Trade Recommendations:
We're buyers 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.
