Sell EUR within 1.1549-1.1457. | 06 May 2019

06 May 2019, EUR/USD

Sell EUR within 1.1549-1.1457.

Technical observation

EUR is still rallying below the zone 1.1549-1.1457 and I expect a rise to it followed by a bounce within it for a possible surge to the lower side towards the supportive key level 1.0437.Wait for a correction to the above mentioned zone and a rejection within it to sell EUR with your take profit at 1.0437 and stop loss at 1.1795.In case there’s no rejection within 1.1549-1.1457 but a clear breach above it with a big green candle, wait for a correction to the just broken zone and a bounce within it to confirm possible bullish rally of this pair before you pick long positions with your take profit at 1.2477 and stop loss at 1.1169.

Trade recommendation

Sell EUR within 1.1549-1.1457 with your take profit at 1.0437 and stop loss at 1.1795.

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 .