Eurusd is picking a bullish momentum | 02 November 2023
02 November 2023, EUR/USD
EURUSD maintains a bullish stance. It's evident that this pair is still within a corrective phase, following an ABC corrective pattern. The price has notably encountered rejection at the support zone of 1.0519 and is currently showing a strong upward push. This movement signifies the formation of the minor wave, with our target set at 1.0730. The current momentum indicates a strong upward movement. You can consider entering one above the resistance zone at 1.0634, setting your profit target between 1.0716 and 1.0735.
Trade Recommendations:
Eurusd is picking a bullish momentum
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.
