We're flat temporarily | 31 Maret 2021

31 Maret 2021, EUR/USD

We're flat temporarily

Technical observation

This week EUR has been declining steadily towards a supportive zone 1.1642-1.1588, I expect a rejection of this bearish movement within the same zone for a possible rally to the upper side. My advice remain, neutral and wait for a correction to the zone mentioned above to buy EUR with your take profit at 1.2909. In case of a clear breakout above the line 1.2909 with a big green candle, wait for a correction to it and a bounce at it before you continue long with this pair. AS it is on the chart above, I can only recommend long positions.

Trade recommendation

Remain flat temporarily.

Imelda Maseno
Analyst of «FreshForex» company
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