08 Februari 2021, EUR/USD
Technical observation
EUR rose significantly to the upper side to the resistance line 1.2054 and is currently trading below the line with an increasing bullish bias. This bullish movement is a retracement to the line mentioned above and i expect a loss of it at the line for a possible surge to the lower side. My advice sell EUR at the line 1.2054 after a bounce with your take profit at 1.1898 and stop loss at 1.2098. In case there is a clear break below the line 1.1898 with a big red candle, wait for a pullback to it confirming further bearish movements of price before you continue short towards the lower supportive level marked at 1.1757.
Trade recommendation
Pick short positions at 1.2054 with your take profit at 1.1898.
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 
