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Apr 18, 2023 10:27 AM

EUR/USD: Bigger Impulse Confirms Long Position on Maintrend Long

Euro Fx/U.S. DollarFXCM

Description

In accordance with our analysis from the preceding session, the EUR/USD currency pair has exhibited movement that aligns with our projections, demonstrating a significant impulse that corresponds with the established long-term trend and has resulted in the attainment of our initial take-profit target. Building upon this favorable outcome, we anticipate the potential for additional upward momentum, leading us to suggest a continuation of our long position in the direction of the main trend for the present day.
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