Expecting bearish movements towards 1.0380 | 21 Juni 2022

21 Juni 2022, EUR/USD

Expecting bearish movements towards 1.0380

Technical observation

On the hourly chart above price retraced to the resistance zone it established at 1.0537-1.0528 but could not break above it and as long as it is sustained below the same zone I can only recommend bearish positions. If you are currently holding short positions with the pair above, remain in the trade with your take profit at 1.0380 and stop-loss at 1.0584. Should there be a clear penetration below the level 1.0380 with a big red candle, I expect the value of EUR to plunge after a correction to the broken line; however, in case of a break above the zone 1.0537-1.0528, I expect possible bullish movements towards 1.0638.

Trade recommendation

Remain short with your take profit at 1.0380.

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