Wait | 12 Agustus 2021

12 Agustus 2021, EUR/USD

Wait

Technical observation

EUR declined to the supportive level 1.1712 but did not break below it; instead it bounced at the line and is currently trading with an increasing bullish bias. This bullish movement is a correction to the resistance zone 1.1883-1.1874 and I expect a rejection within it to short this pair with my take profit at 1.1712 and stop loss at 1.1931. I case price does not bounce within the zone and instead penetrates above it with a big green candle; I expect bullish momentum to the resistance level 1.2000 after a correction to the broken zone. On the chart above as long as price is contained below the zone 1.1883-1.1874, I can only recommend bullish positions.

Trade recommendation

Wait for a correction to the zone 1.1883-1.1874 to sell EUR.

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