Wait for a correction | 09 Maret 2022

09 Maret 2022, EUR/USD

Wait for a correction

Technical observation

On the chart above price has been on a steady downtrend for some time now and recently id descended below the supportive level 1.1120 with a big red candle then rallied downwards to the level 1.0768 but it could not break below the line. In case price pulls back to the level 1.1120, you can pick short positions at the line after a bounce with your take profit at 1.0768 and stop-loss at 1.1246. In case price does not retrace to the level 1.1120 but instead breaks below the supportive line 1.0768 with a big red candle, I expect the value of this pair to plummet further towards 1.0600. On the daily chart above I can only recommend bearish positions.

Trade recommendation

Remain neutral.

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.