Remain flat temporarily. | 16 April 2019

16 April 2019, EUR/USD

Technical observation

EUR is retracing steadily towards a resistance zone 1.1528-1.1457 and I expect a rejection of it within the zone for possible bearish price rally towards the key level 1.0444 and a possible breakout below it for a further decline in price. My advice, remain flat temporarily and wait for the pullback to 1.1528-1.1457 and a rejection within it to re-sell EUR with your take profit at 1.0444 and stop loss at 1.1823, as long as EUR is contained below the zone 1.1528-1.1457, only short positions can be recommended, however, should there be a clear break above it, bullish price movements towards the key level 1.2456 can be expected.

Trade recommendation

Remain flat temporarily.

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.