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We're long for now

We're long for now | 03 August 2023

03 August 2023, EUR/USD

The price is currently at a major zone, specifically a support zone at 1.0933. As you can see, this zone corresponds to our major outer wave 'IV'. We anticipate a bullish movement for EURUSD, with the expectation of an upward impulse. Our first target is the Resistance zone at 1.1086, and the final target should be at 1.1634. This latter level represents the farthest point we anticipate the major outer wave 'V' to reach. To capitalize on this potential movement, you can consider placing a buy order now, setting your profit target at 1.1634, and your stop loss at 1.0899.

Trade Recommendations:

We're long for now

Bob Stan
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