Remain neutral | 02 Februari 2022

02 Februari 2022, EUR/USD

Technical observation

On the weekly chart above price has been trading with an increasing bullish bias despite my previous prediction of a rally to the lower side. This week, I expect a continuation of this upwards movement towards the resistance zone 1.1413-1.1375. If you are currently neutral with this pair, remain so and wait for a correction to the zone I have mentioned above then sell EUR within it with your take profit at 1.0697 and stop loss at 1.1619. As long as price is contained below the zone 1.1413-1.1375, I can only recommend bearish positions for this pair, bullish positions can only be recommended above the same zone.

Trade recommendation

Remain flat.

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.