Wait for a correction to buy EUR | 12 Desember 2022

12 Desember 2022, EUR/USD

Technical observation

EUR has been trading with an increasing bearish bias below the resistance level 1.0591 for a while now and today I expect a continuation of this downwards movement. The anticipated momentum to the lower side is a pullback to the supportive zone 1.0219-1.0199 and I expect a rejection within it to pick bullish positions, my advice, remain flat and wait for a correction to the zone mentioned above then buy a bounce within it with your take profit at 1.0591 and stop-loss at 1.0089. If there is a clear break above the level 1.0591, I expect the value of this pair to rally further to the upper side after a correction to the broken line.

Trade recommendation

Remain neutral.

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