Remain flat. | 11 Agustus 2022

11 Agustus 2022, EUR/USD

Remain flat.

Technical Observation

On the chart above price rose above the resistance zone 1.0285-1.0269 with a big green candle yesterday, it then pulled back to the just broken zone but could not break below it and currently the value of the pair above is trading with an increasing bullish bias within the zone I have mentioned above. As long as EUR is sustained above the same zone, I expect a further surge towards the resistance level 1.597, however, right now I would recommend that you remain neutral and wait for a second retracement to the zone 10285-1.0269 to pick long positions with your take profit at the level 1.0597 and stop-loss at 1.0155.

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