Expecting a rally to 1.1120 | 24 Februari 2022

24 Februari 2022, EUR/USD

Expecting a rally to 1.1120

Technical observation

Yesterday the value of the pair above declined with a big red candle as I had anticipated and today I expect a continuation of this bearish movement towards the supportive level 1.1120. If you picked short positions within the resistance zone 1.1483-1.1461 after a bounce, remain in the trade with your take profit at 1.1120 and stop-loss at 1.1594. Should the price break below level 1.1120 with a big red candle, I expect it to descend further towards 1.0768; however, in case of a bounce at the level, I anticipate a correction to the zone mentioned above to re-sell EUR. I can only recommend bullish positions in case of a clear break above the zone 1.1483-1.1461.

Trade recommendation

Remain short with your take profit at 1.1120.

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