Remain flat | 04 January 2019

04 January 2019, EUR/USD

Remain flat

Technical observation

EUR did not decline to 1.1214 as I predicted yesterday but instead it rose and is still rising towards the resistance zone 1.1472-1.1452, my expectation is a rejection of it within the zone followed by possible bearish price rally towards 1.1214, or a clear penetration above the zone with a big green candle and a retracement to it for possible bullish momentum of price towards 1.1819.If you are not in a trade yet, remain neutral and wait for a close within 1.1472-1.1452 to sell this pair with your take profit at 1.1214 and stop loss at 1.1582.Long positions may only be recommended above 1.1472-1.1452 after a confirmation of possible upwards movement.

Trade recommendation

Remain neutral

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