EURUSD is still exhibiting a strong bullish sentiment. The market is currently in an impulsive phase, specifically forming the impulsive major wave “V”. Over the past 24 hours, the market has formed a bull flag pattern, which indicates a temporary pause in the upward momentum before a potential continuation of the bullish trend.
Considering this, you can consider placing a buy order with a take profit target set at 1.1047, which aligns with the projected completion of the major impulsive wave “V”.
Origin: FreshForex
