Wait | 06 Mei 2022

06 Mei 2022, EUR/USD

Technical observation

EUR bounced within the resistance zone 1.1163-1.1132 then declined steadily up to the supportive level 1.0503. Currently price is trading with an increasing bearish bias and my expectation is a clear break below this level with a big red candle followed by a correction to it and a further surge to the lower side. In case this pair does not break below the level 1.0503, I expect a retracement to the zone I mentioned above and a bounce within it to re-sell EUR with my take profit at 1.0503 and stop loss at 1.1329. On the daily chart above, bullish positions can only be recommended in case there is a clear break above the zone 1.1163-1.1132.

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.
manager photo manager photo
Online-support
Dengan senang hati, kami akan menjawab pertanyaan Anda

Tulis

Get bonus