Pick short positions now within the zone 1.0759-1.0696 | 20 Desember 2022

20 Desember 2022, EUR/USD

Pick short positions now within the zone 1.0759-1.0696

Technical observation

On the weekly chart above price has been rising steadily and it is currently trading with an increasing bullish bias within the resistance zone 1.0759-1.0696. This upwards movement was a correction to the zone mentioned above and I expect a possible rejection of price within it to pick short positions with my take profit at 0.9532 and stop-loss at 1.1250. In case of a clear break below the level 0.9532, I expect the value of this pair to plummet further to the lower side after a correction to the broken line; on the other hand, if there is a clear break above the zone 1.0759-1.0696, I expect a momentum towards the level 1.2258.

Trade recommendation

Pick short positions now within the zone 1.0759-1.0696 with your take profit at 0.9532.

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