Wait for a correction to 1.1602 to sell EUR | 28 Oktober 2021

28 Oktober 2021, EUR/USD

Wait for a correction to 1.1602 to sell EUR

Technical observation

On the daily chart above, price rose and broke above a key level 1.1620 with a big green candle but it could not be sustained above it, it then declined and broke below the same level with a big red candle and yesterday, price retraced to the just broken line and it was contained below it. As long as EUR remains below the level 1.1602, I expect its value to surge to the supportive level 1.1373. My advice, sell a bounce at the level 1.1620 with your take profit at 1.1373 and stop loss at 1.1691. In case of a clear breakout below the level 1.1373 with a big red candle, continue short with this pair after a correction to the broken line and a bounce at it.

Trade recommendation

Wait for a correction to 1.1602 to sell EUR with your take profit at 1.1337.

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