EUR/USD

Currently, the EUR/USD pair is indicating a favorable buy zone at the level of 1.06716. This suggests that traders may consider opening long positions at this price point. As for setting take-profit levels, traders could aim for targets at 1.06824, 1.06910, and 1.06981. These levels represent potential areas where the price could reach before encountering resistance or a reversal. It's important to consider these targets as potential areas to secure profits. Additionally, implementing a stop-loss order at 1.06301 can help mitigate potential losses by automatically closing the position if the price moves against the trade beyond this point. Overall, this strategy aims to capitalize on potential upward movements in the EUR/USD pair while managing risk through predetermined take-profit and stop-loss levels.