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We're bullish towards 1.1995

We're bullish towards 1.1995 | 13 August 2020

13 August 2020, EUR/USD

We're bullish towards 1.1995

Technical observation

Yesterday, EUR rose as I had predicted and today I expect it to rise even further towards the line 1.1995. If you bought this pair within the zone 1.1732-1.1712 after a bounce remain long with your take profit at 1.1995 and stop loss at 1.1593. If you are currently flat with this pair, wait for another correction to the zone 1.1732-1.1712 and a rejection within it to buy EUR or a clear breakout above the line 1.1995 with a big green candle followed by pullback to it and a bounce to place a buy order. On the daily chart above as long as price is contained above 1.1732-1.1712, you can only expect bullish movements of price.

Trade recommendation

Remain long.

Imelda Maseno
Analyst of «FreshForex» company
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