Remain flat | 18 Juni 2021

18 Juni 2021, EUR/USD

Remain flat

Technical observation

On the chart above, price is trading with an increasing bearish bias between a resistance level 1.1991 and a supportive level 1.1835, however, I expect bullish movements to the resistance level I have mentioned above followed by a rejection at it to pick short positions. My advice, remain neutral temporarily and wait for a correction to the level 1.1991 and a bounce at it to sell EUR with your take profit at 1.1835 and stop loss at 1.2034. In case of a clear breakout below the supportive level 1.1835 with a big red candle, I anticipate a further momentum to the lower side after a retracement to the just broken line.

Trade recommendation

Remain neutral temporarily.

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.
manager photo manager photo
Online-support
Dengan senang hati, kami akan menjawab pertanyaan Anda

Tulis

Get bonus