Remain short towards 1.1214 | 03 January 2019

03 January 2019, EUR/USD

Technical observation

EUR bounced within the resistance zone 1.1472-1.1452 after failing to penetrate above it before rallying down yesterday, currently price is moving on an increasing bullish momentum and my expectation is either a correction to 1.1472-1.1452 followed by a bounce within it for more bearish rally, or a decline towards 1.1214 followed by a breach below it and a correction to it.I sold this pair within the above mentioned zone and I am holding on to this positions with my take profit at 1.1214 and stop loss at1 .1622, in case you had not traded this pair yet, you can remain flat and wait for either a correction to 1.1472-1.1452 or a clear penetration below 1.1214 to sell EUR.

Trade recommendation

Remain short towards 1.1214.

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