Wait for a pullback to 1.1382-1.1372 sell | 02 Desember 2021

02 Desember 2021, EUR/USD

Wait for a pullback to 1.1382-1.1372 sell

Technical observation

The pair on the hourly chart above is trading with an increasing bullish bias below a resistance zone 1.1382-1.1372; this ascending movement is a retracement the same zone and I expect price to rise then bounce within zone followed by a surge to the lower side, My advice, remain neutral and wait for a correction to the resistance zone 1.1382-1.1372 then sell EUR within it with your take profit at 1.1193 and stop loss at 1.1445. In case there price is not sustained below the zone 1.1382-1.1372 but instead it penetrates above it with a big green candle, I expect a possible rally to towards the resistance level 1.1518.

Trade recommendation

Wait for a correction to the zone 1.1382-1.1372 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