EUR/USD: Timing the Trade,Retesting Support for a Long Position

20 lug 2023

The EUR/USD is currently within the confines of a robust uptrend, and over the past few days, the price has been consolidating within a range of approximately 80 pips. Traders are closely observing this price action, eagerly seeking a favorable opportunity to make a move. Our analysis indicates that we are actively monitoring for a potential retest of the previous support area, which could serve as a strong entry point for a new long setup in alignment with the prevailing uptrend. As the market continues to unfold, we remain vigilant for the right moment to execute our strategy and capitalize on the upward momentum of the pair.