Expecting a momentum to 1.0357 | 23 Mei 2022

23 Mei 2022, EUR/USD

Technical observation

On the 4 hour chart above price pulled back to the resistance zone 1.0607-1.0594 but it not break above it, instead it bounced within the zone and for some time it has been trading with an increasing bearish bias. I expect a continuation of this downwards movement to the supportive level 1.0357 followed by either a clear break below it or a bounce at it. If you picked short positions within the zone I mentioned above, remain in the trade with your take profit at 1.0357 and stop-loss at 1.0698. Should price rise above the zone 1.0607-1.0594, bullish movements towards the resistance level 1.0934 can be expected after a correction to the broken zone.

Trade recommendation

Remain short with your take profit at 1.0357.

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