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Wait | 26 June 2019

26 June 2019, EUR/USD

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Technical observation

Yesterday EUR declined and I still expect more of this momentum towards the just broken trend line followed by a bounce at it for bullish movements towards the zone 1.1798-1.1823 and a possible breakout above it for a further rise towards the key level 1.2185. My advice, wait for a correction to the just broken line and a bounce at it to buy EUR with your take profit at 1.1798 and stop loss at 1.1210, in case of break above 1.1798-1.1823 with a big green candle, continue long towards the line 1.2185. AS long as EUR is contained above the trend line as shown on the chart above, only long positions may be recommended.

Trade recommendation

Wait for a retracement to buy EUR.

Imelda Maseno
Analyst of «FreshForex» company
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