Wait | 01 Juli 2022

01 Juli 2022, EUR/USD

Wait

Technical observation

On the 4 hour chart above price declined up to the supportive level 1.0357 as I had predicted but did not break below it instead, it bounced above the level and since then it has been trading with an increasing bullish bias. This upwards movement is a correction to the resistance zone 1.0595-1.0580 and I expect a rejection of price within it to re-sell EUR with my take profit at 1.0357 and stop-loss at 1.0654. In case of a clear break below the level 1.0357 with a big red candle, wait for a correction to it before you continue short, on the other hand should there be a clear penetration above the zone 1.0595-1.0580, you can expect bullish movement of price towards the resistance level 1.0781.

Trade recommendation

Remain flat.

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