EURUSD – Up
EURUSD has been exhibiting strong upward momentum since (11/2/2023). It’s evident that this pair is still undergoing a corrective phase (ABC corrective pattern). The price has already surpassed the resistance zone at 1.0632. Our anticipation is for the price to ascend to 1.0730, which is the target for the minor wave ‚a.‘ The price currently shows impulsive movement toward the upside. If you don’t currently hold a long position, you might consider entering one above the resistance zone at 1.0634, setting your profit target within the range of 1.0716 to 1.0735.
Trade Recommendations:
Temporarily in a buy
You may check other analytical reviews on FreshForex website. Source: freshforex.com.
