07 August 2023, EUR/USD
EURUSD is currently exhibiting strong bullish momentum. The market is in the midst of an impulsive phase, forming the outer major wave V. It is evident that this zone aligns with our major outer wave 'IV'. We anticipate a continued bullish stance for EURUSD, with an expectation of further upward momentum. Our initial target lies at the Resistance zone of 1.1086, followed by our ultimate target at 1.1634. This latter level represents the furthest point we anticipate the major outer wave 'V' to reach. To potentially capitalize on this bullish trend, you might consider initiating 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:
Buy eurusd now
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