Buy EUR within 1.1812-1.1774 | 13 October 2020

13 October 2020, EUR/USD

Buy EUR within  1.1812-1.1774

Technical observation

EUR broke above a zone 1.1812-1.1774, then rallied upwards for some time before breaking down the same zone , however, it was not contained below the zone and ended up breaking above it again, right now, price is retracing to the just broken zone and I expect a rejection within it for possible upwards movements of price. My advice, buy a bounce within the above-mentioned zone with your take profit at 1.2354 and stop loss at 1.1624. In case of a clear breakout below the zone 1.1812-1.1774 with a big red candle, wait for a correction to it and a bounce before you sell EUR towards 1.1168.

Trade recommendation

Buy a bounce within the zone 1.1812-1.1774.

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 .