remain flat | 08 Mei 2020

08 Mei 2020, EUR/USD

remain flat

Technical observation

Yesterday, EUR rose with a big green candle and is still showing signs of rising even further. However, I expect a loss of this upwards movement within the resistance line 1.0985 for possible bearish price movements. My advice, remain neutral and wait for a retracement to the line 1.0985 and a bounce at it to sell EUR with your take profit at 1.0776 and stop loss at 1.1060. Should there be a clear penetration above the line 1.0985, I expect a correction and a rejection at it for possible bullish price rally towards the resistance zone 1.1205-1.1191. As long as EUR is below 1.0985, I can only recommend short positions.

Trade recommendation

Remain neutral.

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.
manager photo manager photo
Online-support
Dengan senang hati, kami akan menjawab pertanyaan Anda

Tulis

Get bonus