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Remain long

Remain long | 21 November 2023

21 November 2023, EUR/USD

Remain long

Technical observation

EUR retraced to the supportive zone 1.0434-1.0466 the bounced within it and since then it has been trading with an increasing bullish bias, today I expect a further surge to the upper side and if you are already holding bullish positions with this pair, remain in the trade with your take profit at 1.1277 and stop-loss at 1.0220. Should there be a clear penetration above the level 1.1277 with a big green candle, wait for a pullback to this line and a bounce at it before you continue long towards the key level 1.1916. If EUR is contained above the zone I mentioned earlier, I can only recommend bullish positions.

Trade recommendation

Remain long with your take profit at 1.0220.

Imelda Maseno
Analyst of «FreshForex» company
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