Wait for a buy from around the blue zone. | 22 Noviembre 2023
22 Noviembre 2023, EUR/USD
During the previous trading day, Euro pulled back to the lowerside but is still pretty much bearish both on the daily and on the weekly charts, As it is now, we expect the sellers to push the price much lower towards the lower blue zone and may break and close below it, if that happens then further momentum much lower is expected with the next ideal target fixed below the next zone. On this chart, a break and a close above the the current week's highest high will mean we are rallying to the upperside with the next ideal target set at 1.1.
Trade Recommendations:
Wait for a buy from around the blue zone.
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.
