Wait for a rebound from 1.06350 towards 1.07724. | 25 September 2023
25 September 2023, EUR/USD
Last week, Euro rallied to the lowerside but failed to break and close below 1.06350-1.06502. As long as the price remains above this zone, this is a good place to consider a possible long term buy position towards 1.07724. This is a clear zone, and if the price should break and close below it, this will be a good place to consider a possible long term sell position towards 1.04, this is the continuation of the last impulsive wave (v) with an ultimate target at 1.01.
Trade Recommendations:
Wait for a rebound from 1.06350 towards 1.07724.
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.
