We're flat | 05 Juli 2021

05 Juli 2021, EUR/USD

We're flat

Technical observation

EUR is retracing to the supportive zone 1.1605-1.1571, I expect a loss of this bearish movement within the zone I have mentioned above for a possible momentum to the upper side. My advice, remain neutral and wait for a correction to the zone 1.1605-1.1571 and buy a bounce within it with your take profit at 1.2248 and stop loss at 1.1375. Should there be a clear breakout below the zone 1.1605-1.1571 with a big red candle, I expect a price to plummet to the supportive level 1.0826 after a correction to the just broken zone and a bounce within it. However, as long as price is sustained above the zone 1.1605-1.1571, I can only recommend bullish positions.

Trade recommendation

Remain neutral.

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.