We're buyers for now | 01 November 2023

01 November 2023, EUR/USD

We're buyers for now

EURUSD continues to exhibit a bullish trend. It is noteworthy that this pair remains within a corrective phase, specifically following an ABC corrective pattern. The price has successfully broken and closed above the resistance zone at 1.0634, indicating a robust bullish trend. Currently, the price is in the process of forming a minor wave, with our target set at 1.0730. There is a noticeable impulsive movement of the price towards the upside.You may consider initiating one above the resistance zone at 1.0634, with your profit target range set between 1.0716 and 1.0735.

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We're buyers for now

Bob Stan
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