We're short | 24 December 2018

24 December 2018, EUR/USD

We're short

Technical observation

On the daily chart above, price is rallying on an increasing bearish momentum towards the support 1.1214, I picked short position at the resistance 1.1454 and I’m holding on to this position with my take profit at 1.1214 and stop loss at 1.1584. Should there be a clear penetration below 1.1214 with a big red candle, wait for a correction to it confirming further bearish price rally before you continue short with this pair. As long EUR is contained below 1.1454, only short positions look ideal and can be recommended. If you are not short yet, wait for both another correction to 1.1454 or a breach below 1.1214 and a correction to it to it to sell EUR.

Trade recommendation

Remain short.

Be the first to get $5 for participation in the webinar 8.30 GMT!

BECOME FRESHFOREX ANALYST!

Imelda Maseno
Analyst of «FreshForex» company
Agree with the review?
Traders' opinion:
Close
Log in
Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with accessing Client Area. How to enable cookie .
manager photo manager photo
Online-support
We will be pleased to answer any questions you may have

Write

Get bonus