Expecting a surge to 1.0639 | 18 November 2022

18 November 2022, EUR/USD

Expecting a surge to 1.0639

Technical observation

EUR rose above the zone it established at 1.0286-1.0270 then pulled back to it twice and both times it was sustained above it, currently price is trading with an increasing bullish bias and I expect as long as it remains above the zone I mentioned earlier, I expect a further rally to the upper side. My advice, if you are currently holding bullish positions with this pair, I recommend that you remain in the trade with your take profit at 1.0639 and stop-loss at 1.0165. In case of a clear break above the level 1.0639, you can expect the value of EUR to plummet further to the upper side after a correction and a bounce at the broken line.

Trade recommendation

Remain long with your take profit at 1.0639.

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.