Remain short with your take profit still at 1.1214. | 09 January 2019

09 January 2019, EUR/USD

Technical observation

Yesterday, EUR went down but not for long, though I still expect more bearish momentum towards the support level marked at 1.1214, price can still penetrate above the resistance zone 1.1504-1.1475 and in that case you should wait for a correction to the just broken zone then long this pair on the second retracement to it just to ensure the breakout was not false. In case you sold this pair yesterday within the above mentioned zone my advice is you remain in the trade with your take profit still at 1.1214 and stop loss at 1.1621, if you had not traded EUR yet, wait for a close within the zone 1.1504-1.1475 to sell this commodity.

Trade recommendation

Remain short with your take profit still at 1.1214 and stop loss at 1.1621.

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