Flat for now | 21 November 2023
21 November 2023, EUR/USD
EURUSD is nearing completion of the impulsive phase, with the price approaching our target for the major outer wave 'V' at 1.0759. Currently, the price is forming the impulsive major wave 'V.' It's important to note that we maintain a bullish outlook as long as the price stays above 1.0882. We anticipate the price to reach 1.0759, followed by a reversal to the upside with our target set at the resistance zone of 1.0955. Placing a trade now carries a high level of risk, given that the price is approaching our target.
Trade Recommendations:
Flat 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.
