Sell EUR within 1.1150-1.1131 | 01 Juni 2020

01 Juni 2020, EUR/USD

Sell EUR within 1.1150-1.1131

Technical observation

EUR is trading with an increasing bullish bias below a resistance zone 1.1150-1.1131, I expect a rejection of this bullish movement within the zone for bearish price movements. My advice, sell EUR within the above-mentioned zone with your take profit at 1.0982 and stop loss at 1.1223. In case of a clear breach above the zone 1.1150-1.1131 with a big green candle, wait for a retracement to the just broken zone and a bounce within it before you pick long positions with your take profit at 1.1453 and stop loss at 1.1055. However, as long as price is contained below 1.1150-1.1131, only short position can be expected.

Trade recommendation

Sell EUR within 1.1150-1.1131 with your take profit at 1.0982.

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.