We're long towards 1.2248 | 10 Mei 2021

10 Mei 2021, EUR/USD

Technical observation

On the weekly chart above, price is trading with an increasing bullish bias below a resistance line 1.2248, I expect either a loss of this upwards movement at the level mentioned above, or a clear breakout above it with a big green candle. My advice, if you currently long with this pair, remain so with your take profit at 1.2248. If price breaks above the level 1.2248 with a big green candle, wait for a correction to it and a bounce confirming further bullish movements of price before you continue long with this pair. Should price break below the zone 1.1605-1.1571 with a big red candle, you can expect a change in momentum of price towards the key level 1.0826.

Trade recommendation

Remain long with your take profit at 1.2248.

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.