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Remain short

Remain short | 14 Maret 2023

14 Maret 2023, EUR/USD

Technical observation

On the chart above, the price is trading with an increasing bullish bias below the zone 1.0832-1.0891, this upwards movement is a slight pullback to the upper side and I still anticipate possible bearish movements of price. If you sold already picked short positions within the zone indicated above after a bounce, remain in the trade with your take profit at 0.9532 and stop-loss at 1.1258, should there be a clear break below the level 0.9532 with a big red candle I expect the value of EUR to plummet further to the lower side, on the other hand, in case of a break above the zone 1.0832-1.0891, I expect bullish movements towards the level 1.2258.

Trade recommendation

Remain short with your take profit at 0.9532.

Imelda Maseno
Analyst of «FreshForex» company
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