We're buyers for now | 16 10月 2023

16 10月 2023, EUR/USD

We're buyers for now

EURUSD is currently in a bullish corrective phase and an impulsive phase. Although, for the better part of last week, the price was very bearish, the overall trend remains bullish. The market is currently forming the corrective ABC pattern. From the chart above, we can see that the price is forming the minor corrective wave 'a,' with our target set at the resistance zone 1.0742. We anticipate the price to rise, reaching at least 1.0742. You can open a long position now with a profit target ranging from 1.0700 to 1.0742. Please note that this setup will be invalidated if the price breaks and closes below the support zone at 1.0454.

Trade Recommendations:

We're buyers for now

Bob Stan
同意该评论吗?
交易员的评论:
Close
授权
您浏览器禁用cookie 文件. 在此情况下, 私人空间显示不正常. 如何启动cookie 文件的支持.
manager photo manager photo
Online-support
我们很高兴回答您的问题

提交申请

Get bonus