05 Februari 2021, EUR/USD
Technical observation
On the 4-hour chart above, price retraced to a resistance zone 1.2051-1.2042 but could not break above it; it bounced within the zone and is currently trading with an increasing bearish bias. I expect this downwards movement to continue to the supportive line 1.1927 followed by either a clear breakout below it with a big red candle or a rejection at it followed by another correction to the resistance zone mentioned above. If you sold EUR within 1.2051-1.2042 after a bounce, remain short with your take profit at 1.927 and stop loss at 1.2115. I can only recommend short positions for the pair above.
Trade recommendation
Remain short with your take profit at 1.1926.
One of the highest demand products in FreshForex is invest-portfolios. Invest-portfolio is an optimal tool for both beginners and experienced traders due to its high efficiency and low work efforts.
This is the fifth portfolio developed by FreshForex specialists. In 2020, we proposed traders four investment portfolios, each of which demonstrated positive results. The total return was 71.5%.
2 steps to get the Invest-portfolio:
1. Fund your trading account with $50 or more from February 1 to 26, 2021.
2. Send a request to [email protected] with your account number funded.
en 
cn 
ar 
ru 
vn 
es 
pt 
th 
kz 
ua 
tj 
uz 
az 
ms 