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Buy a break above 1.06837 towards 1.09760.

Buy a break above 1.06837 towards 1.09760. | 13 Noviembre 2023

13 Noviembre 2023, EUR/USD

On this chart, the price is rallying within an expanding channel formation. We are anticipating a possible break and clos above .06837 to push the price to the upperside with the next ideal target set around 1.09760, if this level is violated to the upperside, then the next ideal target is set around 1.12500. On the flipside, should the price break and close below the lower trendline, then we are expecting a possible rally towards 1.04280 and may likely extend much lower.

Trade Recommendations:

Buy a break above 1.06837 towards 1.09760.

Bob Stan
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