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Hold onto buy orders

Hold onto buy orders | 04 August 2023

04 August 2023, EUR/USD

Hold onto buy orders

EURUSD is likely to turn bullish. The price is currently situated within a major zone, specifically a support zone at 1.0917. As evident from the chart, this zone corresponds to our major outer wave 'IV'. We anticipate a bullish movement for EURUSD and expect the market to surge upward. Our first target lies at the Resistance zone of 1.1086, while the ultimate target is set at 1.1634. This latter level represents the furthest point we anticipate the major outer wave 'V' to reach. To capitalize on this potential uptrend, you can consider placing a buy order now, setting your profit target at 1.1634, and placing your stop loss at 1.0899. Remember to implement proper risk management.

Trade Recommendations:

Hold onto buy orders

Bob Stan
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