Remain flat temporarily. | 02 Januari 2019

02 Januari 2019, EUR/USD

Remain flat temporarily.

Technical observation

Despite the correction to the upper side EUR is still below the resistance zone 1.1466-1.1420 and as long as it is contained below it only bearish momentum can be anticipated towards 1.0782.Price is currently rallying within the above mentioned zone and my expectation is a bounce within it for possible downwards movement next week. Right now you can remain neutral temporarily and wait for the close within 1.1466-1.1420 to sell EUR with your take profit at 1.0782 and stop loss at 1.1659, or you can still place a pending trade right now within the zone. Should there be a penetration below 1.0782 then a rally towards 1.0331 will be expected.

Trade recommendation

Remain flat temporarily.

Be the first to get $5 for participation in the webinar 8.30 GMT!

BECOME FRESHFOREX ANALYST!

Imelda Maseno
Analyst of «FreshForex» company
Setuju dengan review?
opini pedagang:
Close
Masuk
Browser Anda tidak mendukung kue. Jika cookie dinonaktifkan di browser Internet Anda, Anda mungkin memiliki masalah dengan render daerah Pribadi. Cara mengaktifkan dukungan cookie.