EURUSD – Up
EURUSD is still very bearish. The price has retested the resistance zone at 1.0697, just as we anticipated in our previous analysis on September 19, 2023. Currently, the price is at this resistance zone, and we expect it to drop. The price has been rejected at a major resistance zone, specifically at 1.0762, just as we expected. If the price breaks and closes above this resistance zone, it will invalidate this setup. We anticipate the price to drop, at least down to 1.0633. If you currently have a sell trade open, I highly recommend moving the stop loss to breakeven to lock in profits, as the price is nearly reaching our target. You can place a short position now with a profit target of 1.0633.
Trade Recommendations:
We’re short for now
You may check other analytical reviews on FreshForex website. Source: freshforex.com.
