Looking to sell within 1.0759-1.0696 | 29 November 2022

29 November 2022, EUR/USD

Looking to sell within 1.0759-1.0696

Technical observation

Last week EUR rallied to the upper side however this week it has been trading with an increasing bearish bias, despite this bearish movement I expect a surge to the resistance zone 1.0759-1.0696 followed by a rejection of price within it. My advice, remain neutral and wait for a correction to the zone I have mentioned above then sell a bounce within it with your take profit at 0.9532 and stop-loss at 1.1183. If there is a clear break below the supportive level 0.9532 with a big red candle, you can expect the value of this pair to plummet further to the lower side after a correction and a rejection of price at the just broken line.

Trade recommendation

Place a pending sell limit order within the zone 1.0759-1.0696.

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