Wait | 25 Juli 2022

25 Juli 2022, EUR/USD

Wait

Technical observation

On the daily chart above price has been trading with an increasing bullish bias and my expectation is a continuation of this upwards movement to the resistance zone 1.0781-1.0741 followed by a rejection within it to pick short positions with my take profit at the level 1.0015 and stop-loss at 1.0983. In case there is a clear break below the level 1.0015 with a big red candle I expect the value of the pair above to descend after a pullback to just broken line. On the other hand if there is a clear break above the zone 1.0781-1.0741, I expect price to surge towards the resistance level 1.1456 or even higher to the key level 1.1940.

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.