We are bearish | 15 Maret 2022

15 Maret 2022, EUR/USD

We are bearish

Technical observation

On the weekly chart above price has been trading with an increasing bearish bias since it bounced within the resistance zone 1.1461-1.1429. I expect a continuation of this bearish movement to the supportive level 1.0697 followed by either a clear breakout blow it with a big red candle, or a bounce at it followed by a retracement to the zone I have mentioned above. If you picked short positions within the zone 1.1461-1.1429 after a bounce, remain in the trade with your take profit at 1.0697 and stop loss at 1.1692. I can only recommend bullish positions in case of a breakout above the resistance zone 1.1461-1.1429.

Trade recommendation

Remain short with your take profit at 1.0697.

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