Wait for a correction to the zone 1.0770-1.0795 | 24 Oktober 2023

24 Oktober 2023, EUR/USD

Wait for a correction to the zone 1.0770-1.0795

Technical observation

On the chart above the above the price is trading with an increasing bullish bias slightly below the zone 1.0770-1.0795 today I expect a continuation of this upwards movement to the zone I have mentioned above followed by a rejection of price within it. My advice, remain neutral temporarily and wait for a correction to the zone 1.0770-1.0795 then sell a bounce within it with your take profit at 1.0319 and stop-loss at 1.0957. If there is a clear break above the zone I have indicated above with a big green candle, wait for a pullback and a bounce within it before you pick bullish positions towards the level 1.1523.

Trade recommendation

Wait for a correction to the zone 1.0770-1.0795 to sell EUR.

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