We're long | 22 June 2023

22 June 2023, EUR/USD

We're long

EURUSD is presently in an impulsive phase, with the market forming the impulsive major wave "V." The completion of this wave will likely signal the end of the impulsive phase and potentially mark the beginning of a corrective phase. Based on this analysis, there is an expectation for the market to rise, with a target set at 1.1041. If you are currently holding a buy trade and it is in a profitable position, it is advisable to move the stop loss to breakeven. This can help protect your gains and ensure that the trade is not at risk of turning into a loss. Additionally, setting the take profit at 1.1041 aligns with the projected target for the upward move.

Trade Recommendations:

We're long

Bob Stan
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